What U.S. agency interest qualifies for the Illinois subtraction?
If included in your federal AGI, any income from notes, bonds, or other obligations issued by the following organizations or funds qualifies to be subtracted from your Illinois taxable income.
- Banks for Cooperatives
- Commodity Credit Corporation
- Farm Credit System Financial Assistance Corporation (Financial Assistance Corporation)
- Federal Deposit Insurance Corporation
- Federal Farm Credit Banks
- Federal Home Loan Banks
- Federal Intermediate Credit Banks
- Federal Land Banks and Federal Land Bank Association
- Federal Savings and Loan Insurance Corporation
- Financing Corporation (FICO)
- General Insurance Fund
- National Credit Union Administration Central Liquidity Facility
- Production Credit Association
- Railroad Unemployment Insurance Act
- Resolution Funding Corporation
- Special Food Service Program
- Student Loan Marketing Association
- Tennessee Valley Authority
- United States Postal Service
