IL HB3066

Creates a grant program through the Department of Agriculture providing up to $5 million for year-long apprenticeships supporting distressed farmers, up to $5 million for wells, and up to $10 million for equipment repairs, greenhouse construction, and tractor purchases

Defines "distressed farmer" as someone farming fewer than 75 acres with less than $500,000 in annual gross revenue, or a farmer denied a Farm Service Agency number despite 5+ years of farming experience

Establishes a state income tax credit of up to $50,000 per year for distressed farmers' qualified farming expenses, effective for taxable years beginning January 1, 2027

Qualified farming expenses include vehicle repairs, greenhouse construction and repair, tractor and equipment purchases, and planting/harvesting food for delivery to underserved communities

Tax credit may be carried forward for up to 5 years if it exceeds the taxpayer's liability in a given year