HB 5200

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Farming

Abstract

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.

Bill Sponsors (3)

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May 22, 2020

House

Added Co-Sponsor Rep. Jonathan "Yoni" Pizer

Feb 25, 2020

House

Added Co-Sponsor Rep. Monica Bristow

Feb 18, 2020

House

First Reading

House

Referred to Rules Committee

Feb 14, 2020

House

Filed with the Clerk by Rep. Nathan D. Reitz

Bill Text

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Sources

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