HB4923 - 104th General Assembly (2025-2026)

DISTRESSED FARMERS ACT
Last Action
2/06/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Sonya M. Harper
Statutes Amended In Order of Appearance
New Act  
35 ILCS 5/253 new  
Synopsis As Introduced
Creates the Distressed Farmers Act. Provides that the Department of Agriculture shall fund and administer programs to address the needs of distressed farmers. Amends The Illinois Income Tax Act. Provides that for taxable years beginning on or after January 1, 2026, each taxpayer who is a distressed farmer and who incurs qualified farming expenses during the taxable year is entitled to a tax credit in an amount equal to 100% of those qualified farming expenses, not to exceed $50,000 per taxpayer in any taxable year. Provides that qualified farming expenses include: (1) repairing tractors, trailers, and other vehicles; (2) purchasing, repairing, or constructing greenhouses and other covers for agricultural products; (3) purchasing tractors with tillers and other attachments; and (4) planting or harvesting food that will be delivered to an underserved community.
Actions
DateChamberAction
2/03/2026HouseFiled with the Clerk by Rep. Sonya M. Harper
2/06/2026HouseFirst Reading
2/06/2026HouseReferred to Rules Committee