Illinois Compiled Statutes 410 ILCS 705/60-5 – Definitions
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In this Article:
“Cannabis” has the meaning given to that term in Article 1 of this Act, except that it does not include cannabis that is subject to tax under the Compassionate Use of Medical Cannabis Program Act.
“Craft grower” has the meaning given to that term in Article 1 of this Act.
“Cultivation center” has the meaning given to that term in Article 1 of this Act.
“Cultivator” or “taxpayer” means a cultivation center or craft grower who is subject to tax under this Article.
“Department” means the Department of Revenue.
“Director” means the Director of Revenue.
“Dispensing organization” or “dispensary” has the meaning given to that term in Article 1 of this Act.
“Gross receipts” from the sales of cannabis by a cultivator means the total selling price or the amount of such sales, as defined in this Article. In the case of charges and time sales, the amount thereof shall be included only when payments are received by the cultivator.
“Person” means a natural individual, firm, partnership, association, joint stock company, joint adventure, public or private corporation, limited liability company, or a receiver, executor, trustee, guardian, or other representative appointed by order of any court.
“Infuser” means “infuser organization” or “infuser” as defined in Article 1 of this Act.
“Selling price” or “amount of sale” means the consideration for a sale valued in money whether received in money or otherwise, including cash, credits, property, and services, and shall be determined without any deduction on account of the cost of the property sold, the cost of materials used, labor or service cost, or any other expense whatsoever, but does not include separately stated charges identified on the invoice by cultivators to reimburse themselves for their tax liability under this Article.
“Cannabis” has the meaning given to that term in Article 1 of this Act, except that it does not include cannabis that is subject to tax under the Compassionate Use of Medical Cannabis Program Act.
Terms Used In Illinois Compiled Statutes 410 ILCS 705/60-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Trustee: A person or institution holding and administering property in trust.
“Craft grower” has the meaning given to that term in Article 1 of this Act.
“Cultivation center” has the meaning given to that term in Article 1 of this Act.
“Cultivator” or “taxpayer” means a cultivation center or craft grower who is subject to tax under this Article.
“Department” means the Department of Revenue.
“Director” means the Director of Revenue.
“Dispensing organization” or “dispensary” has the meaning given to that term in Article 1 of this Act.
“Gross receipts” from the sales of cannabis by a cultivator means the total selling price or the amount of such sales, as defined in this Article. In the case of charges and time sales, the amount thereof shall be included only when payments are received by the cultivator.
“Person” means a natural individual, firm, partnership, association, joint stock company, joint adventure, public or private corporation, limited liability company, or a receiver, executor, trustee, guardian, or other representative appointed by order of any court.
“Infuser” means “infuser organization” or “infuser” as defined in Article 1 of this Act.
“Selling price” or “amount of sale” means the consideration for a sale valued in money whether received in money or otherwise, including cash, credits, property, and services, and shall be determined without any deduction on account of the cost of the property sold, the cost of materials used, labor or service cost, or any other expense whatsoever, but does not include separately stated charges identified on the invoice by cultivators to reimburse themselves for their tax liability under this Article.