Bill Status of HB4849

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HB4849 - 104th General Assembly

INC TAX-LAND PROTECTION
Last Action
4/10/2026 - House: Held on Calendar Order of Second Reading - Short Debate
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
Date Chamber Action
2/03/2026 House Filed with the Clerk by Rep. Will Guzzardi
2/06/2026 House First Reading
2/06/2026 House Referred to Rules Committee
2/17/2026 House Added Co-Sponsor Rep. Laura Faver Dias
2/24/2026 House Assigned to Revenue & Finance Committee
2/26/2026 House To Property Tax Subcommittee
2/27/2026 House Added Co-Sponsor Rep. Michelle Mussman
3/06/2026 House Added Co-Sponsor Rep. Lilian Jiménez
3/19/2026 House Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
3/19/2026 House Reported Back To Revenue & Finance Committee;
3/19/2026 House Do Pass / Short Debate Revenue & Finance Committee; 019-000-000
3/19/2026 House Placed on Calendar 2nd Reading - Short Debate
3/30/2026 House Added Chief Co-Sponsor Rep. Sonya M. Harper
4/01/2026 House Added Chief Co-Sponsor Rep. Dagmara Avelar
4/01/2026 House Added Chief Co-Sponsor Rep. Sharon Chung
4/08/2026 House Added Co-Sponsor Rep. Nabeela Syed
4/10/2026 House Second Reading - Short Debate
4/10/2026 House Held on Calendar Order of Second Reading - Short Debate
4/13/2026 House Added Co-Sponsor Rep. Mary Beth Canty