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HB 3324

To require parole boards to take into account the sentencing judge’s recommendation at the time of sentencing

2025 Regular Session Introduced by George Street

Creates an Illinois income tax deduction equal to losses from certain wagering transactions, reducing base income for gamblers and state revenue; effective immediately.

To House Judiciary
#corrections #crime
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Bill Summary · HB 3324

HB 3324 — Summary (Introduced version, 104th General Assembly)

Note on conflicting metadata
- The bill information submitted included a title about parole boards, but the legislative text and synopsis of the introduced HB 3324 (Rep. Daniel Didech) concern an amendment to the Illinois Income Tax Act. This summary addresses the introduced income-tax bill as shown in the provided document (not a parole-related measure).

Purpose / Intent

HB 3324 would amend Section 203 of the Illinois Income Tax Act to create an income tax deduction for individuals equal to their losses from certain wagering transactions. The stated intent is to allow taxpayers to deduct qualifying gambling/wagering losses when computing Illinois base income.

Key provisions

  • Amends 35 ILCS 5/203 (definition of “base income” for individuals) to add a new modification related to wagering losses.
  • Creates an income tax deduction equal to the taxpayer’s losses from certain wagering transactions (details on the exact scope of “certain wagering transactions” are not contained in the truncated text).
  • The bill’s synopsis states the change would be effective immediately upon enactment.

Who is affected

  • Individual Illinois taxpayers who incur losses from wagering (e.g., casino play, sports betting, other wagering) would be eligible to claim the new deduction, subject to whatever definitions/limits the final bill specifies.
  • State government finances: the deduction would likely reduce taxable base income for qualifying taxpayers and thus could reduce individual income tax revenue to the State.
  • Tax preparers, financial recordkeeping systems, and gambling operators could see indirect administrative effects (e.g., documentation needs, reconciliation of reported winnings and losses).

Procedural status & timeline

  • Introduced by Rep. Daniel Didech (filed Feb 25, 2025; first reading Feb 18, 2025 in some entries).
  • Referred to House committees (Revenue & Finance; Income Tax Subcommittee; then to House Judiciary per later entries).
  • Public committee/subcommittee activity noted on 2025-03-11 through 2025-04-22, including hearings and a committee substitute; left pending in subcommittee on 2025-04-22.
  • Companion bill: SB 1744.
  • The synopsis indicates the change would be effective immediately if enacted.

Notes and uncertainties

  • The provided bill text is truncated and does not include the full language defining which wagering transactions qualify, any limits (for example, whether deductions are limited to the amount of reported wagering winnings as under federal tax rules), documentation requirements, or phase-in details.
  • For precise taxpayer obligations, limitations, and revenue estimates, consult the full enrolled language of HB 3324 and any fiscal notes or committee analyses.

If you’d like, I can locate and summarize the full bill text (including exact definitions and limits) or prepare a short fiscal impact overview based on available revenue estimates.

Compiled from official sources — confirm details with the bill’s official record.

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