Agriculture tour businesses eligible for new tax credit
SPRINGFIELD -- Businesses focused on agritourism are now eligible to receive up to $1,000 back on liability insurance costs in 2022 and 2023 under recently-passed legislation.
The goal of the Agritourism Liability Tax Credit is to reduce the cost-of-doing-business for farm operations open for the public to enjoy. Businesses like pumpkin patches, apple orchards, petting zoos, hayrack rides, corn mazes and more may apply for the funding.
"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. "From spooky hayrides and corn mazes this Halloween season to educational exhibits and guided tours, it is our longstanding agricultural tradition that attracts visitors from around the nation and world. Thanks to the leadership and hard work of the IDOA, our agribusiness partners will have the support they need to show more and more people what makes Illinois, Illinois."
The deadline to apply for the 2022 tax year is February 28, 2023. Farm operations can check eligibility and apply here.
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