Illinois · Through at least Public Act 104-790

760 ILCS 15/13: Nonapportionment of proceeds.

Where this section sits in the code

CHAPTER 760 TRUSTS AND FIDUCIARIES
Principal and Income Act.

Except to the extent provided in Section 8 and Section 10, no portion of the net proceeds of the sale or other disposition of property (whether nonproductive, underproductive, or productive) shall be allocated to income.

Collected 2026-09-15T04:46:44Z. Source file · JSON

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