Illinois legislation · 104th General Assembly
Illinois SB3784: INC TX-DONATIONS OF PROPERTY
Status: Introduced, September 30, 2026
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.
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3784Introduced 2/5/2026, by Sen. Darby A. HillsSYNOPSIS AS INTRODUCED: ILCS 5/246 new 35 ILCS 5/246 new ILCS 5/246 new Amends the Illinois Income Tax Act. Creates an income tax credit for ataxpayer that makes a qualified donation of real property during thetaxable year to an employer that will use the property for the purpose ofproviding onsite child care to its employees. Provides that the creditshall be in an amount equal to the fair market value of the property, asdetermined by the Department of Revenue by rule…
From the introduced text, February 5, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3784Introduced 2/5/2026, by Sen. Darby A. HillsSYNOPSIS AS INTRODUCED: ILCS 5/246 new 35 ILCS 5/246 new ILCS 5/246 new Amends the Illinois Income Tax Act. Creates an income tax credit for ataxpayer that makes a qualified donation of real property during thetaxable year to an employer that will use the property for the purpose ofproviding onsite child care to its employees. Provides that the creditshall be in an amount equal to the fair market value of the property, asdetermined by the Department of Revenue by rule. LRB104 19629 HLH 33078 b LRB104 19629 HLH 33078 b LRB104 19629 HLH 33078 b A BILL FOR SB3784LRB104 19629 HLH 33078 b SB3784 LRB104 19629 HLH 33078 b SB3784 LRB104 19629 HLH 33078 b AN ACT concerning revenue. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5.The Illinois Income Tax Act is amended by adding Section 246 as follows: (35 ILCS 5/246 new) [ADDED: Sec. 246. ][ADDED: Donations of real property for employee child ] [ADDED: care.] [ADDED: (a) For taxable years beginning on or after January 1, ] [ADDED: 2027, a taxpayer that makes a qualified donation of real ] [ADDED: property during the taxable year to an employer that will use …