IL HB3489

Caps the tax on cigars and other rolled tobacco products at $0.50 per cigar or roll, effective January 1, 2024.

Provides distributors a discount equal to 2% of their tax liability, capped at $2,000 per monthly return to reimburse record-keeping and filing expenses.

Amends the Tobacco Products Tax Act of 1995 by modifying Sections 10-10 and 10-30.

Takes effect immediately upon becoming law.