Pritzker Outlines More Measures To Aid IL Citizens, Businesses; Duckworth, Durbin Seek Disaster Declaration
IL Governor JB Pritzker has introduced additional measures to help IL citizens and businesses. Among them are:
1. Illinois will delay the tax filing deadline from April 15 to July 15, aligning it with the federal government. The Department of Revenue’s
informational bulletin is here
2. The Department of Commerce (DCEO) and the Department of Professional and Financial Regulations have established a loan loss reserve of $20 million for state charted banks.
3. DCEO is also asking all banks that offer advantage Illinois loans to modify the loans to offer a 3 month deferral or 6 months of interest only payments.
Sens. Dick Durbin and Tammy Duckworth on Wednesday bolstered Gov. J.B. Pritzker’s request for a federal disaster declaration in the wake of the coronavirus pandemic.
IL has requested assistance for all 102 counties in the state. The federal declaration would give Illinois access to more federal benefits.