94.8 F
Park Forest
Tuesday, July 5, 2022

Tax Credit Guidance Available for Illinoisans Impacted by 2017 Floods

2017 Illinois floods
A man walks on a flooded street Friday, July 14, 2017, in Gurnee (Source: weather.gov)

SPRINGFIELD –(ENEWSPF)—December 21, 2017. Illinois property owners in 18 disaster declared counties may be eligible to claim an income tax credit worth up to $750 due to flooding in 2017.  The Illinois Department of Revenue has released an Informational Bulletin on their website for individuals and businesses who wish to determine their eligibility for the newly enacted Natural Disaster Income Tax Credit.

The Natural Disaster Income Tax Credit is available to individuals and businesses who sustained flood damage to qualified real property in an Illinois declared disaster area and were issued certification from their township assessor or chief county assessment officer.

Eligible counties include Alexander, Carroll, Clinton, Cook, Henry, Jackson, Jo Daviess, Kane, Lake, Lee, Marshall, McHenry, Ogle, Rock Island, Stephenson, Union, Whiteside and Woodford.

Taxpayers, township assessors and chief county assessment officers seeking additional information on the Natural Disaster Income Tax Credit are  encouraged to view IDOR’s Informational Bulletin (FY 2018-17) available online at Tax.Illinois.gov.

Source: www.illinois.gov

Recent Articles

Stay Connected


- Local Advertisements -


Currently Trending

Park Forest
scattered clouds
94.8 ° F
96.9 °
88.8 °
56 %
40 %
95 °
91 °
83 °
80 °
78 °

About Google Ads

The Google-supplied ads that appear on this website are not reviewed ahead of time and differ for each visitor. If anything offensive, inappropriate, or otherwise unwholesome appears, please notify us so we can take steps to block that specific advertiser. Email the URL or advertiser name to [email protected].