House Sponsors: SLONE. Short description: INC TAX-LAND DONATION CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides for an income tax credit in the amount of 25% of the fair market value of property located in Illinois that is donated to the State, a unit of local government, or a body that is both organized to receive and administer lands for conservation purposes and qualified to receive charitable contributions under Illinois law for public beach access or use, public access to public waters or trails, fish and wildlife conservation, or other similar land conservation purposes. The credit may not exceed $250,000 for individuals or $500,000 for corporations. The credit may be carried forward for 5 years. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status