state_legiscan_drain · IL
INC TX-DONATIONS OF PROPERTY
February 5, 2026
Summary
If enacted, this bill would create an Illinois income tax credit for taxpayers who donate real property to an employer for the purpose of providing onsite child care to its employees. The credit amount equals the fair market value of the donated property, as determined by the Department of Revenue.
AI-generated summary · Jun 28, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3784&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "INC TX-DONATIONS OF PROPERTY" cover?
- If enacted, this bill would create an Illinois income tax credit for taxpayers who donate real property to an employer for the purpose of providing onsite…
- When was it published?
- It was published on February 5, 2026.