HB4847

Illinois HB4847 establishes the University of Illinois Cancer Center Fund, allocating 2% of cigarette tax revenues to support cancer research.

HB4847 amends the Cigarette Tax Act to create the University of Illinois Cancer Center Fund, a special fund in the State treasury. Moneys in this fund will be used by the University of Illinois Cancer Center for cancer research, patient care, and operational expenses. The bill also specifies that 2% of the revenues from the Cigarette Tax Act, the Cigarette Use Tax Act, and the tax on little cigars will be deposited into this fund. Effective immediately upon becoming law, this measure aims to support the University of Illinois Cancer Center through dedicated tax revenues.