<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3117</title>
<shortdesc>INC TX-EMINENT DOMAIN</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Blaine Wilhour</sponsors>
</sponsor>
<lastaction>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2025</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Blaine Wilhour</action>
<statusdate>2/18/2025</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/4/2025</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/6/2025</statusdate><chamber>House</chamber><action>To Tax Policy: Other Taxes Subcommittee</action>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
