INC TX-INSURANCE DEDUCTION Senate SponsorsSen. John F. Curran, Craig Wilcox, Darby A. Hills, Jil Tracy, Chris Balkema and Seth Lewis 2/24/2026SenateAssigned to Revenue 35 ILCS 5/203from Ch. 120, par. 2-203Amends 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. 2/6/2026SenateFiled with Secretary by Sen. John F. Curran 2/6/2026SenateFirst Reading 2/6/2026SenateReferred to Assignments 2/24/2026SenateAssigned to Revenue 3/5/2026SenateAdded as Co-Sponsor Sen. Craig Wilcox 3/5/2026SenateAdded as Co-Sponsor Sen. Darby A. Hills 3/5/2026SenateAdded as Co-Sponsor Sen. Jil Tracy 3/9/2026SenateAdded as Co-Sponsor Sen. Chris Balkema 3/10/2026SenateAdded as Co-Sponsor Sen. Seth Lewis 3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026