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Bush measure would provide tax relief to Lake County flood victims

bush 102517SPRINGFIELD – Lake County residents whose property was damaged during July’s floods could receive an income tax credit of up to $750 under a measure introduced today by Senator Melinda Bush (D-Grayslake).

“The flooding that occurred this summer cost Lake County residents thousands of dollars,” Bush said. “While some individuals have received insurance reimbursements, many are still waiting on the money they need to rebuild. This tax credit would provide much-needed relief to flood victims who have lost so much.”

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 reimbursement from an insurance company are not entitled to the tax credit.

The measure applies to the following counties: Lake, McHenry, Kane, Cook, Carroll, Henry, Jo Daviess, Lee, Ogle, Rock Island, Stephenson and Whiteside.

Sen. Melinda Bush

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31st Senate District

Years served: 2013 - Present

Associated Representatives: Sheri Jesiel; Sam Yingling

Committee assignments: Education; Environment and Conservation; Government Reform (Chairperson); Human Services; Licensed Activities and Pensions; Local Government; Revenue.

Biography: Born March 18, 1956; former member of the Lake County Board, Forest Preserve Board and former Grayslake village trustee; married (Andy) with one adult son (Chris).