IL SB3212

Repeals Section 7.6 of the Freedom of Information Act.

Establishes a natural disaster tax credit for taxable years beginning January 1, 2017 through December 31, 2017 for taxpayers owning qualified real property in Illinois counties declared disaster areas due to 2017 flooding.

Credit amount equals the lesser of $750 or the deduction allowed under Internal Revenue Code Section 165 for property damage, with excess credits carried forward up to 5 taxable years.

Qualified real property includes a taxpayer's principal residence or small business property that was damaged during the disaster and is not used in a rental or leasing business.

Taxpayers must obtain a certificate from the township assessor or county assessment officer identifying the damaged property and attach it to their tax return to claim the credit.