Illinois House Bill 4857

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-05-21 - Added Chief Co-Sponsor Rep. Emanuel "Chris" Welch
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Distressed Farmers Act. Provides that the Department of Agriculture shall fund and administer programs to address the needs of distressed farmers. Provides for a tax credit for distressed farmers. Amends The Illinois Income Tax Act. Provides that for taxable years beginning on or after January 1, 2025, each taxpayer who is a distressed farmer and who incurs qualified farming expenses during the taxable year is entitled to a tax credit in an amount equal to 100% of those qualified farming expenses, not to exceed $50,000 per taxpayer in any taxable year. Provides that qualified farming expenses include: (1) repairing tractors, trailers, and other vehicles; (2) purchasing, repairing, or constructing greenhouses and other covers for agricultural products; (3) purchasing tractors with tillers and other attachments; and (4) planting or harvesting food that will be delivered to an underserved community.

DISTRESSED FARMERS ACT

Rep. Sonya Harper [D]

Rep. Emanuel Welch [D]

Date	Chamber	Action
2024-05-21	House	Added Chief Co-Sponsor Rep. Emanuel "Chris" Welch
2024-04-05	House	Rule 19(a) / Re-referred to Rules Committee
2024-03-08	House	To Revenue-Income Tax Subcommittee
2024-03-05	House	Assigned to Revenue & Finance Committee
2024-02-07	House	Referred to Rules Committee
2024-02-07	House	First Reading
2024-02-06	House	Filed with the Clerk by Rep. Sonya M. Harper

Chapter	Article	Section	Citation Type	Statute Text
35	5	241	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4857&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB4857.htm