IL HB4436

Adds definition of "capital gains" to the Cemetery Care Act as profits resulting from disposition of capital assets where the amount realized exceeds the purchase price.

Modifies the definition of "principal" in cemetery trust funds to explicitly include capital gains alongside the original sum invested.

Excludes capital gains from the definition of "net income" that cemetery authorities may use for cemetery care purposes, requiring capital gains to remain part of the principal trust fund.

Applies these changes to all gifts, grants, contributions, legacies, and payments made to cemetery authorities for care of cemeteries, lots, graves, crypts, niches, mausoleums, memorials, markers, or monuments.

Takes effect immediately upon becoming law.