SB2281

Illinois SB2281 provides a tax credit for donations of qualified real property interests for conservation purposes.

Illinois SB2281, the Land Conservation Incentives Act, introduces a tax credit for donations of qualified real property interests to public or private conservation agencies for conservation purposes. The credit is up to $200,000 and applies to donations made for conservation purposes such as open space, natural resource, biodiversity, and agricultural conservation. Unused credits can be carried over for up to 20 years.