Bill Status of SB3848

  1. Home
  2. Legislation
  3. Bill Status

SB3848 - 104th General Assembly

INC TX-INSURANCE DEDUCTION
Last Action
2/24/2026 - Senate: Assigned to Revenue
Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to the difference between (i) the homeowner's insurance premiums paid on the taxpayer's principal residence during the calendar year that begins during the taxable year for which the deduction is claimed and (ii) the homeowner's insurance premiums paid on the taxpayer's principal residence during the immediately preceding calendar year. Provides that the deduction applies only if the taxpayer has the same principal residence for the entirety of the current taxable year and the immediately preceding taxable year. Provides that, if 2 or more taxpayers are liable for the payment of homeowner's insurance on the same residence during a taxable year, only one such taxpayer may claim a deduction for that single property. Effective immediately.
Actions
Date Chamber Action
2/06/2026 Senate Filed with Secretary by Sen. John F. Curran
2/06/2026 Senate First Reading
2/06/2026 Senate Referred to Assignments
2/24/2026 Senate Assigned to Revenue
3/05/2026 Senate Added as Co-Sponsor Sen. Craig Wilcox
3/05/2026 Senate Added as Co-Sponsor Sen. Darby A. Hills
3/05/2026 Senate Added as Co-Sponsor Sen. Jil Tracy
3/09/2026 Senate Added as Co-Sponsor Sen. Chris Balkema
3/10/2026 Senate Added as Co-Sponsor Sen. Seth Lewis
3/13/2026 Senate Rule 2-10 Committee Deadline Established As April 24, 2026