HB4849 - 104th General Assembly (2025-2026)

INC TAX-LAND PROTECTION
Last Action
2/06/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Will Guzzardi
Statutes Amended In Order of Appearance
New Act  
35 ILCS 5/253 new  
Synopsis As Introduced
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.
Actions
DateChamberAction
2/03/2026HouseFiled with the Clerk by Rep. Will Guzzardi
2/06/2026HouseFirst Reading
2/06/2026HouseReferred to Rules Committee