HB 5506 Illinois House · 104th Regular Session

INC TX-BEGINNING FARMER

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2026 Last action Feb 13, 2026
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 13, 2026
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Sonya Harper
Sonya Harper
DDemocratic
IL
6