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HB 1450

INC TX-IGROW CHECKOFF

104th Regular Session Introduced by Janet Yang Rohr

HB 1450 would establish a tax credit or checkoff program for Texas/Illinois agricultural or business growth, pending committee review and clarification of specific provisions and fiscal impact.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 1450

Legislative bill overview

HB 1450 would establish or modify an Illinois tax credit or checkoff program related to "TX-IGROW," which appears to be an agricultural or small business growth initiative. The bill has been referred through multiple committees but specific statutory language is not publicly available in the provided information, making precise details unclear at this stage.

Why is this important

Tax credits and checkoff programs directly affect state revenue and can influence economic behavior in targeted sectors. If this involves agricultural checkoffs, it could impact how farmers fund industry promotion and research; if it's a business tax credit, it could affect state finances and business incentive policy competitiveness.

Potential points of contention

  • Revenue impact uncertainty – Without seeing the bill text, the fiscal cost to the state budget and whether it's revenue-neutral or creates new tax expenditures is unknown
  • Program definition clarity – The meaning and scope of "TX-IGROW" needs clarification; vague program names sometimes mask poorly defined incentive structures
  • Checkoff participation concerns – If mandatory, agricultural checkoffs can face farmer opposition regarding involuntary funding; if voluntary, questions arise about program viability

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

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