Instructions for Form CC-1 Adult Use Cannabis Cultivation Privilege Tax Return - Illinois

This document contains official instructions for Form CC-1 , Adult Use Cannabis Cultivation Privilege Tax Return - a form released and collected by the Illinois Department of Revenue.

FAQ

Q: What is Form CC-1?
A: Form CC-1 is the Adult Use Cannabis Cultivation Privilege Tax Return in Illinois.

Q: Who needs to fill out Form CC-1?
A: Cannabis cultivators in Illinois who engage in the adult use cannabis business are required to fill out Form CC-1.

Q: What is the purpose of Form CC-1?
A: Form CC-1 is used to report and pay the cultivation privilege tax imposed on adult use cannabis cultivation in Illinois.

Q: When is Form CC-1 due?
A: Form CC-1 is due on a monthly basis, with the due date being the 20th day of the month following the reporting month.

Q: What information do I need to fill out Form CC-1?
A: You will need to provide information such as your name, address, tax identification number, gross receipts from cannabis sales, and the amount of cultivation privilege tax due.

Q: Are there any penalties for late filing of Form CC-1?
A: Yes, there are penalties for late filing of Form CC-1. The penalty is 2% and it applies to the amount of tax due for each month or fraction of a month that the return is late.

Q: Are there any exemptions or deductions available on Form CC-1?
A: No, there are no exemptions or deductions available on Form CC-1. The cultivation privilege tax is a flat rate imposed on gross receipts from cannabis sales.