Income Tax Credit Possible for Flooded Areas of Illinois

Dec 20, 2017

Illinois property owners in 18 disaster declared counties may be eligible to claim an income tax credit 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 credit is available to individuals and businesses who sustained flood damage to qualified property in an Illinois declared disaster area and were issued certification from their township assessor or chief county assessment officer.

Eligible counties include Alexander, Clinton, Jackson and Union.

More information is available at Tax.Illinois.gov.