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HB 5531·IL·house

USE/OCC TX-FARM MACHINERY

In CommitteeFiled Feb 6, 2026
Sponsor: Travis Weaver
Latest Action

Referred to Rules Committee

Feb 13, 2026

Summary

The bill amends several Illinois tax statutes to exempt farm machinery, equipment, and precision‑farming technology from use, service, occupation, and retailer taxes. The exemption applies to new, used, or leased items that are certified by the purchaser as being used primarily for production agriculture or state/federal farm programs. By removing tax on these purchases, the measure aims to lower costs for farmers and agricultural businesses.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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