Illinois HB 5506: INC TX-BEGINNING FARMER
Status: Referred to Rules Committee (as of 2026-02-13)
State: Illinois · Session: 104th · Bill: HB 5506
Sponsors: Sonya M. Harper
Bill Text
• Illinois General Assembly - Full Text of HB5506 • • • • • • • • • • • • Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV • • LEGISLATION & LAWS • Bills & Resolutions • Public Acts • Illinois Compiled Statutes • Illinois Constitution • Search Legislation • Glossary • Guide • Reports & Inquiry • Legislative Reports • Special Reports • FTP Site • Legislator Lookup • Capitol Complex Phone Numbers • Rules & Regulations • Illinois Register • Administrative Rules • Senate • Members • Schedules • Committees • Request for Remote Testimony • Journals • Transcripts • Rules • Audio/Video • FOIA Information • Senate Employment Opportunities • Media Guidelines • House • Members • Schedules • Committees • Submit testimony for House Committees • Journals • Transcripts • Rules • Audio/Video • FOIA Information • House Employment Opportunities • Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of HB5506 • Home • Legislation • Full Text HB5506 - 104th General Assembly • Bill Status • Full Text • Votes • Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB5506 Introduced 2/13/2026, by Rep. Sonya M. Harper SYNOPSIS AS INTRODUCED: 35 ILCS 5/246 new Amends the Illinois Income Tax Act. Creates an income tax credit for an owner of an agricultural asset that sells or rents that agricultural asset to a beginning farmer. Sets forth the amount of the credit. Creates an income tax credit for a beginning farmer who participates in a financial management program approved by the Department of Agriculture. Effective immediately. LRB104 17478 HLH 30904 b A BILL FOR HB5506LRB104 17478 HLH 30904 b 1 AN ACT concerning revenue. 2 Be it enacted by the People of the State of Illinois, 3represented in the General Assembly: 4 Section 5. The Illinois Income Tax Act is amended by 5adding Sections 246 and 247 as follows: 6 (35 ILCS 5/246 new) 7 Sec. 246. Beginning farmer tax credits. 8 (a) As used in this Section: 9 "Agricultural asset" means agricultural land, livestock, 10facilities, buildings, and machinery used for farming in 11Illinois. 12 "Beginning farmer" means an individual who: 13 (1) is a resident of Illinois; 14 (2) is seeking entry into farming or has entered into 15 farming within the 10 years immediately preceding the 16 taxable year for which the credit under this Section is 17 awarded; 18 (3) intends to farm land located in the State; 19 (4) except as otherwise provided, is not a family 20 member of the owner of the agricultural asset giving rise 21 to the credit under this Section or the spouse of a family 22 member of the owner of the agricultural asset giving rise 23 to the credit under this Section; HB5506- 2 -LRB104 17478 HLH 30904 b 1 (5) except as otherwise provided, is not a
View Illinois HB 5506 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.