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IL HB4443
Bill
Status
1/15/2026
Primary Sponsor
LaShawn Ford
Click for details
AI Summary
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Creates the Illinois Future Fund as a special fund in the State treasury to provide direct cash assistance of $500 monthly to qualifying individuals through a program administered by the Department of Human Services.
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Redirects a portion of cannabis tax revenue currently going to the Criminal Justice Information Projects Fund to the new Illinois Future Fund beginning July 1, 2027.
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Implements a gradual six-year transition schedule: starting FY2028, the 25% cannabis revenue allocation shifts from 25% criminal justice/0% Future Fund to 0% criminal justice/25% Future Fund by FY2033.
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Funds the program through the Cannabis Regulation Fund, which collects taxes, license fees, and other revenue under the Cannabis Regulation and Tax Act.
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Authorizes the Department of Human Services to adopt rules for implementing the Direct Cash Assistance Program.
Legislative Description
ILLINOIS FUTURE FUND
Last Action
Rule 19(a) / Re-referred to Rules Committee
3/27/2026