Dan Swanson, State Representative for 71st District | https://repswanson.com/about/
Dan Swanson, State Representative for 71st District | https://repswanson.com/about/
According to the Illinois General Assembly site, the legislature summarized the bill's official text as follows: "Amends the Illinois Income Tax Act. Creates an income tax credit for an owner of an agricultural asset who sells or rents the agricultural asset to a beginning farmer. Sets forth the amount of the credit. Provides that the amount of the credit awarded with respect to any single sale or lease agreement shall not exceed $50,000 in any taxable year. Provides that the taxpayer shall apply to the Department of Agriculture for credits under the program. Provides that, for taxable years beginning on or after January 1, 2025 and beginning before January 1, 2030, the Department of Agriculture may not approve more than $5,000,000 in credits under the program in any taxable year. Provides that, for taxable years beginning on or after January 1, 2030, the Department of Agriculture may not approve more than $10,000,000 in credits under the program in any taxable year. Effective immediately."
The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.
In essence, this bill amends the Illinois Income Tax Act to introduce an income tax credit program for owners of agricultural assets who sell or lease these assets to beginning farmers. The credit is calculated as a percentage of the sale price or rental income, with a cap of $50,000 per agreement annually. The program, effective Jan. 1, 2025, limits statewide credits to $5 million per year until Jan. 1, 2030, after which the cap increases to $10 million. Lease agreements must be two to five years long, and applicants must submit necessary certification and information to the Department of Agriculture by Aug. 1 to qualify for credits. The tax credit cannot reduce a taxpayer's liability below zero, and excess credits can be carried forward for up to five years.
Dan Swanson has proposed another seven bills since the beginning of the 104th session.
Swanson graduated from Black Hawk Junior College in 1986 with an AA and again in 1994 from Western Illinois University with a BA.
Dan Swanson is currently serving in the Illinois State House, representing the state's 71st House District. He replaced previous state representative Donald L. Moffitt in 2023.
Bills in Illinois follow a multi-step legislative process, beginning with introduction in either the House or Senate, followed by committee review, floor debates, and votes in both chambers before reaching the governor for approval or veto. The General Assembly operates on a biennial schedule, and while typically thousands of bills are introduced each session, only a fraction successfully pass through the process to become law.
You can read more about bills and other measures here.
| Bill Number | Date Introduced | Short Description |
|---|---|---|
| HB1501 | 01/21/2025 | Amends the Illinois Income Tax Act. Creates an income tax credit for an owner of an agricultural asset who sells or rents the agricultural asset to a beginning farmer. Sets forth the amount of the credit. Provides that the amount of the credit awarded with respect to any single sale or lease agreement shall not exceed $50,000 in any taxable year. Provides that the taxpayer shall apply to the Department of Agriculture for credits under the program. Provides that, for taxable years beginning on or after January 1, 2025 and beginning before January 1, 2030, the Department of Agriculture may not approve more than $5,000,000 in credits under the program in any taxable year. Provides that, for taxable years beginning on or after January 1, 2030, the Department of Agriculture may not approve more than $10,000,000 in credits under the program in any taxable year. Effective immediately. |
| HB1379 | 01/15/2025 | Amends the Illinois Municipal Code. Makes a technical change in a Section concerning the short title. |
| HB1380 | 01/15/2025 | Amends the Illinois Pension Code. Makes a technical change in a Section concerning downstate firefighters. |
| HB1381 | 01/15/2025 | Amends the Regional Fire Protection Agency Act. Makes a technical change in a Section concerning the short title. |
| HB0046 | 01/09/2025 | Amends the Child Care Act of 1969. Adds a provision that requires the Department of Early Childhood to make appropriate accommodations when an applicant for a license to operate a day care center, day care home, or group day care home requests that the application be offered in a language other than English. |
| HB1148 | 01/09/2025 | Amends the Grow Your Own Teacher Education Act. Transfers the powers and duties under the Act from the Board of Higher Education to the Illinois Student Assistance Commission. Replaces the requirement that the Board of Higher Education must contract annually for an independent evaluation of program implementation with the requirement that the Illinois Student Assistance Commission monitor and evaluate the implementation of the program. Provides that the Illinois Student Assistance Commission may elect to contract for an independent evaluation with an outside entity. Effective immediately. |
| HB1149 | 01/09/2025 | Creates the Educational Credit for Firefighting Experience Act. Provides that before June 1, 2027, each institution of higher education shall adopt a policy regarding its awarding of academic credit for firefighter training considered applicable to the requirements of a student's certificate or degree program. Requires the policy to apply to any individual who is enrolled in the institution of higher education and who has completed a firefighting training course or program that meets certain requirements. Provides that each institution of higher education shall develop a procedure for receiving the necessary documentation, provide a copy of its policy to certain applicants, and develop and maintain a list of qualifying firefighting training courses and programs. Provides that each institution of higher education shall submit its policy for awarding academic credit to the Board of Higher Education and the Illinois Community College Board, if applicable, before June 30, 2027 and before June 30 of each year thereafter. Provides that the Board of Higher Education shall collect data in the Illinois Higher Education Information System on students who are firefighters to assess enrollment and completion outcomes. |
| HB1150 | 01/09/2025 | Amends the Property Tax Code. Provides that, if a taxing district fails to timely file an affidavit that is required to be filed with respect to exempt property, then, prior to terminating the exemption, the chief county assessment officer shall notify the taxing district by first-class mail that the chief county assessment officer has not received the affidavit. |
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