# Illinois HB1023: FINANCE-CANNABIS PROCEEDS

Illinois HB1023, FINANCE-CANNABIS PROCEEDS, is a 104th General Assembly (2025–2026) House bill sponsored by John M. Cabello (Republican); status in committee, last action 2025-03-03 (Added Chief Co-Sponsor Rep. Daniel J. Ugaste) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB1023-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB1023
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: FINANCE-CANNABIS PROCEEDS
- Status: in committee
- Chamber: House
- Introduced: 2024-12-17
- Last action: 2025-03-03, Added Chief Co-Sponsor Rep. Daniel J. Ugaste
- Sponsor: John M. Cabello (Republican)
- Cosponsors: 1
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the State Finance Act. Increases the percentage of moneys that are transferred from the Cannabis Regulation Fund to the Local Government Distributive Fund. Provides that moneys allocated to counties under those provisions shall be directed to a fund under the control of the Sheriff. Effective July 1, 2025.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: John M. Cabello (Republican), House
- Cosponsor: Daniel J. Ugaste (Republican), House

## Actions (4)

- 2025-03-03: Added Chief Co-Sponsor Rep. Daniel J. Ugaste (House)
- 2025-01-09: Referred to Rules Committee (House)
- 2025-01-09: First Reading (House)
- 2024-12-17: Prefiled with Clerk by Rep. John M. Cabello (House)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1023.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB1023.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-HB1023-2025-2026 (as of 2026-11-01).