HB4849 - 104th General Assembly (2025-2026)
INC TAX-LAND PROTECTION
Last Action
3/19/2026 - House: Placed on Calendar 2nd Reading - Short Debate
Statutes Amended In Order of Appearance
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 |