Rauner signs tax credit for flood damage

Local News
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ILLINOIS (WCIA) — People affected by flood waters this summer will soon see some relief.

Governor Bruce Rauner signed into law a tax credit worth up to $750 for homeowners. The bill creates a natural disaster credit which can be applied to 2017 income taxes.

A total of 18 counties sustained flood damage in July. Rauner says he’s happy to finally see relief for those in need.

The Illinois Emergency Management Agency estimated the state’s fiscal impact from the flooding wsa about $4.6 million.
 

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