Illinois Administrative Code
Title 86 - REVENUE
Part 422 - CANNABIS CULTIVATION PRIVILEGE TAX
Section 422.120 - Infuser Information Returns and Books and Records
Current through Register Vol. 48, No. 38, September 20, 2024
a) Upon request of the Department, an infuser shall file an information return with the Department, no later than the 20th day of the month for the preceding month, by electronic means and in a format prescribed by the Department, showing the names of the suppliers of cannabis and cannabis concentrates, the suppliers' license numbers issued by the Department of Agriculture, the quantities purchased from suppliers, the amounts paid for cannabis and cannabis concentrate during the preceding month, and such other information as is reasonably required by the Department.
b) Upon request of the Department, an infuser shall file an information return with the Department, no later than the 20th day of the month for the preceding month, by electronic means, showing the total amount of cannabis-infused products sold to dispensaries; the gross receipts from the sale of cannabis-infused products sold to dispensaries during the preceding month; the identities of the dispensaries to whom it was sold; the dispensaries' license numbers issued by the Department of Financial and Professional Regulation; and such other information reasonably required by the Department.
c) Every infuser shall keep books and records of all purchases of cannabis and cannabis concentrate, all sales of cannabis-infused products, together with invoices, bills of lading, sales records, copies of bills of sale, monthly inventories, inventories prepared as of December 31 of each year, and other pertinent papers and documents. Every infuser shall keep books and records of all cannabis and cannabis concentrate received from cultivators for the purpose of creating cannabis-infused products on behalf of the cultivator and all cannabis-infused products and any remaining cannabis or cannabis concentrate returned to the cultivator pursuant to any contract. See Section 422.110(a) and EXAMPLE 4.
d) All books and records and other papers and documents that are required to be maintained by this Section shall be kept in the English language and shall, at all times during business hours of the day, be subject to inspection by the Department or its duly authorized agents and employees.
