Bill Status of HB4849

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HB4849 - 104th General Assembly

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
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