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IL HB5504

IL HB5504
$AGR BEGINNING FARMER


summary

Introduced
02/06/2026
In Committee
02/13/2026
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Appropriates $6,000,000 from the General Revenue Fund to the Department of Agriculture for asset owner tax credits. Effective July 1, 2026.

AI Summary

This bill appropriates $6,000,000 from the General Revenue Fund, which is the state's main operating fund, to the Department of Agriculture for the purpose of providing asset owner tax credits, which are reductions in taxes owed by individuals or businesses who own certain assets, and this measure will become effective on July 1, 2026.

Sponsors (1)

Last Action

Referred to Rules Committee (on 02/13/2026)

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