IL HB3278 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on February 17 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 17 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
INC TX-EMINENT DOMAIN
Sponsors
| Rep. Blaine Wilhour [R] | Rep. Martin McLaughlin [R] | Rep. Joe Sosnowski [R] | Rep. Chris Miller [R] |
| Rep. David Friess [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-03-08 | House | To Revenue-Income Tax Subcommittee |
| 2024-03-01 | House | Added Co-Sponsor Rep. David Friess |
| 2024-02-28 | House | Assigned to Revenue & Finance Committee |
| 2023-03-16 | House | Added Co-Sponsor Rep. Chris Miller |
| 2023-03-15 | House | Added Co-Sponsor Rep. Joe C. Sosnowski |
| 2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-03-09 | House | To Revenue-Income Tax Subcommittee |
| 2023-03-01 | House | Added Chief Co-Sponsor Rep. Martin McLaughlin |
| 2023-02-28 | House | Assigned to Revenue & Finance Committee |
| 2023-02-17 | House | Referred to Rules Committee |
| 2023-02-17 | House | First Reading |
| 2023-02-17 | House | Filed with the Clerk by Rep. Blaine Wilhour |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 203 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3278&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB3278.htm |
