HB 4849 Illinois House · 104th Regular Session

INC TAX-LAND PROTECTION

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2026 Last action May 25, 2026

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 17, 2026

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 19, 2026

Lower · Passed

Do Pass / Short Debate Revenue & Finance Committee; 019-000-000

lower

Mar 19, 2026

Lower · Passed

Reported Back To Revenue & Finance Committee;

lower

Mar 19, 2026

Lower · Passed

Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000

lower

Feb 26, 2026

Lower · Passed

To Property Tax Subcommittee

lower

Feb 24, 2026

Committee

Assigned to Revenue & Finance Committee

lower

Feb 6, 2026

Committee

Referred to Rules Committee

lower

1 primary · 16 co-sponsors