Illinois DOR Releases Excise Tax Rates and Fees

The Illinois Department of Revenue (DOR) Aug. 1 released a document detailing the state’s updated excise tax rates and fees, including: 1) the Cannabis Cultivation Privilege Tax, which is 7 percent of taxable receipts from the first sale of cannabis by a cultivator; 2) the Cannabis Purchaser Excise Tax, which is 10 percent of the purchase price for the purchase from a cannabis retailer of adult-use cannabis with an adjusted THC level at 35 percent or less; and 3) Cigarette Tax, which is 149 mills per cigarette or $2.98 per package of 20 cigarettes. [Ill. Dep’t of Revenue, Excise Tax ...