Illinois · Senate Bill 4193 · 104th General Assembly

FARMER TAX BENEFIT ACT

SB 4193 Sponsored by Robert F. Martwick In committee

  1. Introduced Apr 28, 2026
  2. In committee Apr 28, 2026
  3. Passed the Senate Next
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

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…

Read the full title (171 words)

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.

Every action

23 steps, oldest first, as the legislature records them.

Show the 15 earlier steps
  1. SenateFiled with Secretary by Sen. Robert F. Martwick
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. SenateAdded as Co-Sponsor Sen. Chapin Rose
  5. SenateAdded as Co-Sponsor Sen. Sally J. Turner
  6. SenateAdded as Co-Sponsor Sen. Paul Faraci
  7. SenateAdded as Co-Sponsor Sen. Darby A. Hills
  8. SenateAdded as Chief Co-Sponsor Sen. Linda Holmes
  9. SenateAdded as Chief Co-Sponsor Sen. David Koehler
  10. SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
  11. SenateAdded as Chief Co-Sponsor Sen. Mark L. Walker
  12. SenateAdded as Co-Sponsor Sen. Terri Bryant
  13. SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  14. SenateAdded as Co-Sponsor Sen. Chris Balkema
  15. SenateAdded as Co-Sponsor Sen. Mike Porfirio
  1. SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton
  2. SenateAdded as Co-Sponsor Sen. Erica Harriss
  3. SenateAdded as Co-Sponsor Sen. Julie A. Morrison
  4. SenateAdded as Co-Sponsor Sen. Jil Tracy
  5. SenateAdded as Co-Sponsor Sen. Rachel Ventura
  6. SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
  7. SenateAdded as Co-Sponsor Sen. Laura Ellman
  8. SenateAdded as Co-Sponsor Sen. Dave Syverson

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 20 cosponsors: 12 Democrats, 8 Republicans.

All 20 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.