Press Releases

W.J. Murphy Elementary School in Round Lake Park after July's floodsGRAYSLAKE, IL – Senator Melinda Bush (D-Grayslake) and Representative Sam Yingling (D-Grayslake) issued a joint statement in response to the signing of their legislation to provide tax relief for Lake County flood victims:

“The flooding that occurred this summer caused thousands of dollars in property damage to Lake County homes and businesses,” Bush said. “This tax credit will provide relief to flood victims who are still trying to pick up the pieces and rebuild their homes and businesses. Rep. Yingling and I have been fighting to provide financial relief to those impacted by the floods. I am pleased that the governor is supporting our efforts in Lake County.”

"The burden of high property taxes has continued to unfairly impact my constituents, and I will continue to fight for relief in Springfield,” said Yingling. “The Flood Victim Tax Credit provides immediate relief this tax year for families and small businesses who are rebuilding their lives and their livelihoods following the historic summer flooding."

Senate Bill 403 allows a natural disaster income tax credit of up to $750 in counties where a state disaster proclamation was issued in July. Individuals must own property and must have reported property damage to the appropriate authority in order to qualify for the tax credit.

Individuals who received a Natural Disaster Homestead Exemption under the Property Tax Code are not eligible for this tax credit.

The Federal Emergency Management Agency denied the state’s request for assistance last week, saying that the damage was not severe enough to be beyond the capabilities of the state.

The governor signed Bush and Yingling’s Flood Victim Tax Credit measure today in Chicago.

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Category: Press Releases

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