Comments: IL HB4849 | 2025-2026 | 104th General Assembly
Bill Title: Creates the Farmer Tax Benefit Act. Provides that taxpayers may apply to the Department of Natural Resources for an income tax credit in an amount equal to either (i) 100% of the fair market value of a qualified donation to a conservation agency of a land protection agreement or (ii) 50% of the fair market value of the qualified donation to a conservation agency of a fee simple interest or a remainder interest in qualified real property. Amends the Illinois Income Tax Act to make conforming changes.
Sponsorship: Slight Partisan Bill (Democrat 12-5)
Status: (Introduced - Dead) 2026-05-25 - Added Co-Sponsor Rep. Maura Hirschauer [HB4849 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Slight Partisan Bill (Democrat 12-5)
Status: (Introduced - Dead) 2026-05-25 - Added Co-Sponsor Rep. Maura Hirschauer [HB4849 Detail]
Text: Latest bill text (Introduced) [HTML]
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