HB3368

Illinois HB3368 postpones tax liabilities for U.S. nationals unlawfully detained or held hostage abroad.

Illinois HB3368, known as the American Hostage Tax Liability Postponement Act, postpones tax liabilities for U.S. nationals who are unlawfully or wrongfully detained abroad or held hostage abroad. This postponement lasts until 90 days after the person is no longer detained or held hostage. During this period, the individual is exempt from paying any interest or penalties that accrue on the tax liability. The act applies to all tax liabilities owed to the state or local governments, including income and property taxes.