SB2721 - 104th General Assembly (2025-2026)

REVENUE-SMALL NUCLEAR REACTOR
Last Action
10/28/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Sue Rezin
Statutes Amended In Order of Appearance
35 ILCS 5/246 new  
35 ILCS 105/3-5  
35 ILCS 110/3-5  
35 ILCS 115/3-5  
35 ILCS 120/2-5  
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers that make an investment in the manufacture of a small modular nuclear reactor in the State during the taxable year. Provides that the amount of the credit is 20% of the amount of that investment. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that tangible personal property purchased for use in the construction or operation of a small modular nuclear reactor in the State is exempt from taxation under those Act. Effective immediately.
Actions
DateChamberAction
10/28/2025SenateFiled with Secretary by Sen. Sue Rezin
10/28/2025SenateFirst Reading
10/28/2025SenateReferred to Assignments