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HB 3117

Illinois - Session 104

House of Representatives in_committee 2025-03-21
Tax / Budget / Appropriations
Bill Details

Title: INC TX-EMINENT DOMAIN

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.

Sponsor
Blaine Wilhour
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-18 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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