State Senator Andy Manar’s plan for the state to offer a 750-dollar natural disaster tax credit to people affected by a 2018 central Illinois tornado outbreak was approved by the Senate this week.
The credit would be available in tax year 2019 for people and small businesses in counties that were declared a state disaster area by the governor following the Dec. 1, 2018, tornado outbreak that devastated Taylorville and surrounding areas. More than 20 people were injured in the storm, which included an EF-3 twister, and hundreds of structures were damaged or destroyed.
Manar says that he appreciates his colleagues across the state recognizing the importance of a tax credit like this for people in his district who continue to rebuild their lives after the December First natural disaster.
The measure passed with bipartisan support and no opposition on Thursday. It must be approved by the House before it can go to the governor’s desk to be signed into law.