Illinois General Assembly - Bill Status for HB5200
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 Bill Status of HB5200  101st General Assembly

Short Description:  INC TX-FARMING

House Sponsors
Rep. Nathan D. Reitz, Monica Bristow and Jonathan "Yoni" Pizer

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/232 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for beginning farmers who participate in a financial management program approved by the Department of Agriculture. Creates an income tax credit for owners of agricultural assets who sell or rent those agricultural assets to a beginning farmer. Effective immediately.

DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Nathan D. Reitz
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/25/2020HouseAdded Co-Sponsor Rep. Monica Bristow
  5/22/2020HouseAdded Co-Sponsor Rep. Jonathan "Yoni" Pizer
  1/13/2021HouseSession Sine Die

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