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Neutral Bill Mar 16, 2026

INC TX-DONATIONS OF PROPERTY

Amends the Illinois Income Tax Act. Creates an income tax credit for a taxpayer that makes a qualified donation of real property during the taxable year to an employer that will use the property for the purpose of providing onsite child care to its employees. Provides that the credit shall be in an amount equal to the fair market value of the property, as determined by the Department of Revenue by rule.

https://legiscan.com/IL/bill/SB2382/2025
Bill data from LegiScan, used under CC BY 4.0.
Darby Hills State Senator Sally Turner State Senator Cosponsor Sue Rezin State Senator Cosponsor Dave Syverson State Senator Cosponsor Erica Harriss State Senator Cosponsor Chris Balkema State Senator Cosponsor Craig Wilcox State Senator Cosponsor Seth Lewis State Senator Cosponsor Jil Tracy State Senator Cosponsor
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