state_legiscan_drain · IL
INC TAX-LAND PROTECTION
February 3, 2026
Summary
If enacted, this bill would create an Illinois income tax credit for donations of land protection agreements, fee simple interests, or remainder interests in qualified real property to conservation agencies, aimed at encouraging farmland preservation. It does not directly affect mortgage lending, loan origination, underwriting, servicing, or compliance.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=4849&GAID=18&DocTypeID=HB&SessionID=114&GA=104
Common questions
- What does "INC TAX-LAND PROTECTION" cover?
- If enacted, this bill would create an Illinois income tax credit for donations of land protection agreements, fee simple interests, or remainder interests…
- When was it published?
- It was published on February 3, 2026.