Bill Title: 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.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB3278 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-02-17	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3278

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3278 currently on file.

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