HB3278 - INC TX-EMINENT DOMAIN
Illinois - 103rd General Assembly
Introduced byBlaine Wilhour, Martin McLaughlin, Joe C. Sosnowski
Last updated over 1 year ago
5 Co-Sponsors
Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the capital gains realized by the taxpayer from the taking of property by eminent domain to the extent that those gains are included in the taxpayer's federal taxable income. Effective immediately.
STATUS
Introduced
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