IL SB3427

Extends the tax credit for agritourism liability insurance to apply for tax years ending on or before December 31, 2028, instead of the current expiration date of December 31, 2023.

Allows individuals and entities operating agritourism operations in Illinois to claim a tax credit equal to 100% of liability insurance premiums paid during the taxable year, with a maximum credit of $1,000 per taxpayer.

Defines agritourism activities as including tours, educational programs, animal exhibitions, crop mazes, harvest-your-own operations, and horseback or hayrides on agricultural property.

Excludes certain activities from agritourism credit eligibility, including hunting, fishing, amusement rides, rodeos, off-road biking, boating, and entertainment venues like weddings or concerts.

Caps total credits awarded by the Department of Agriculture at $1,000,000 per calendar year, with unused credits allowed to carry forward for up to 5 subsequent tax years.