IllinoisSB2281104th General Assembly (2025–2026)Senate

LAND CONSERVATION INCENTIVES

Sponsored By: Robert F. Martwick (Democratic)

In Committee

Summary

Provides that the amendatory Act may be referred to as the Land Conservation Incentives Act. Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2025, there is a tax credit of up to $200,000 with respect to qualified real property interest conveyed for conservation and preservation purposes as the qualified donation by the taxpayer, with certain requirements. Provides that any taxpayer claiming this tax credit may not claim a credit under any similar law for costs related to the same project. Provides that any tax credits from the donation of an interest in land made by a pass-through tax entity such as a trust, estate, partnership, limited liability corporation or partnership, limited partnership, S corporation, or other fiduciary shall be used either by such entity if it is the taxpayer on behalf of such entity or by the member, manager, partner, shareholder, or beneficiary, as the case may be, in proportion to their interest in such entity if the income, deductions, and tax liability passes through such entity to such member, manager, partner, shareholder, or beneficiary, and that such tax credits may not be claimed by both the entity and the member, manager, partner, shareholder, or beneficiary for the same donation. Requires the Department of Natural Resources and Department of Revenue to adopt rules. Defines terms. Makes findings.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Robert F. Martwick

    Democratic • Senate

Cosponsors

  • Graciela Guzmán

    Democratic • Senate

  • Mike Porfirio

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Mike Porfirio

    5/21/2026Senate
  2. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  3. Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  4. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

    5/23/2025Senate
  5. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  6. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  7. Added as Co-Sponsor Sen. Graciela Guzmán

    4/4/2025Senate
  8. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  9. Senate Committee Amendment No. 1 Assignments Refers to Revenue

    3/18/2025Senate
  10. Senate Committee Amendment No. 1 Referred to Assignments

    3/14/2025Senate
  11. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick

    3/14/2025Senate
  12. Assigned to Revenue

    3/4/2025Senate
  13. Referred to Assignments

    2/7/2025Senate
  14. First Reading

    2/7/2025Senate
  15. Filed with Secretary by Sen. Robert F. Martwick

    2/7/2025Senate

Bill Text

  • Introduced

  • Senate Amendment 1

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