SB4193
View on ILGAFARMER TAX BENEFIT ACT
What this bill does
Creates the Farmer Tax Benefit Act. Provides that, for taxable years ending on or after December 31, 2027, landowners may apply to the Department for an income tax credit in an amount equal to either (i) 100% of the fair market value of a qualified donation of a land protection agreement or (ii) 50% of the fair market value of the qualified donation of a fee simple interest or a remainder interest in qualified real property. Specifies that the total aggregate amount of tax credits issued under the Act in any State fiscal year shall not exceed $7,500,000. Further provides that the amount of the credit that may be claimed by a landowner for any single qualified donation shall not exceed $500,000. Contains additional provisions concerning allocation of the credit by the Department of Natural Resources and other powers of the Department of Natural Resources, allowable credit use, the Illinois Land Protection Tax Credit, legislative findings, and other related matters. Amends the Illinois Income Tax Act. Makes conforming changes. Effective immediately.
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Pipeline Progress
Current stage: In Committee · Last action 18 days ago · NEW
How does a bill become law in Illinois?
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Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
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Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
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Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
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Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
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Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
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Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.
Sponsor Context
Hearings
This bill has not been scheduled for a committee hearing.
Action History
13 actions recorded. Last action: 2026-05-07 — Added as Co-SponsorSen. Laura M. Murphy. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2026-04-28 | Senate | Filed with Secretary bySen. Robert F. Martwick Rule 2-7(b) | Introduction & Filing | — |
| 2026-04-28 | Senate | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2026-04-28 | Senate | Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2026-04-29 | Senate | Added as Co-SponsorSen. Chapin Rose Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-04-29 | Senate | Added as Co-SponsorSen. Sally J. Turner Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-04-30 | Senate | Added as Co-SponsorSen. Paul Faraci Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-05-01 | Senate | Added as Co-SponsorSen. Darby A. Hills Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-05-06 | Senate | Added as Chief Co-SponsorSen. Linda Holmes Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-05-06 | Senate | Added as Chief Co-SponsorSen. David Koehler Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-05-06 | Senate | Added as Chief Co-SponsorSen. Mattie Hunter Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-05-06 | Senate | Added as Chief Co-SponsorSen. Mark L. Walker Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-05-06 | Senate | Added as Co-SponsorSen. Terri Bryant Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2026-05-07 | Senate | Added as Co-SponsorSen. Laura M. Murphy Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |