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Bill

SB 2382

INC TX-DONATIONS OF PROPERTY

104th Regular Session Introduced by Chris Balkema and 8 co-sponsors

Illinois bill modifies tax treatment of charitable property donations to expand or clarify tax incentives for donors while supporting nonprofit organizations.

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Bill Summary · SB 2382

Legislative bill overview

SB 2382 modifies Illinois tax law regarding charitable donations of property, specifically addressing how property donations to qualifying organizations are treated for tax purposes. The bill appears to create or expand incentives for individuals and businesses to donate real or personal property to nonprofit entities.

Why is this important

Property donation tax incentives can encourage charitable giving and support for nonprofits, potentially increasing community resources for education, healthcare, and social services. However, the provisions directly affect state tax revenue and determine which organizations qualify for these benefits, making it significant for both donors and state budgeting.

Potential points of contention

  • Tax revenue impact: Expanding donation deductions or credits reduces state income tax collections, requiring budget adjustments or cuts elsewhere
  • Definition of qualifying organizations: Disputes may arise over which nonprofits qualify, potentially favoring certain sectors (religious, educational, etc.) over others
  • Valuation standards: Property donation value determinations can be subjective, raising concerns about overvaluation schemes or inadequate oversight mechanisms

Compiled from official sources — confirm details with the bill’s official record.

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