IL HB5200 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-05-22 - Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-05-22 - Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
INC TX-FARMING
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-22 | House | Added Co-Sponsor Rep. Jonathan "Yoni" Pizer |
| 2020-02-25 | House | Added Co-Sponsor Rep. Monica Bristow |
| 2020-02-18 | House | Referred to Rules Committee |
| 2020-02-18 | House | First Reading |
| 2020-02-14 | House | Filed with the Clerk by Rep. Nathan D. Reitz |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5200&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB5200.htm |
