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Illinois Department of Agriculture announces tax credit for agri-tourism

Studstill Media File Photo
Studstill Media File Photo

SPRINGFIELD – The Illinois Department of Agriculture announced the Agritourism Liability Insurance Tax Credit program. This entitles those who operate agritourism businesses in Illinois to apply for a tax credit equal to 100% of the liability insurance premiums paid by that individual or entity during the taxable year or $1,000, whichever is less. The Illinois Farm Bureau and Illinois Specialty Growers Association hope this new program will alleviate some of the burden of high liability insurance costs for agritourism businesses. The deadline to apply for the 2022 tax year is February 28, 2023.
“As we continue to build back our state’s tourism industry in the wake of the COVID-19 pandemic, this tax credit program will provide our agritourism businesses with the aid they need to sustain operations,” said Governor JB Pritzker.

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