SB3765 - 104th General Assembly (2025-2026)

RAILROAD MOD CREDIT
Last Action
2/05/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Michael W. Halpin
Statutes Amended In Order of Appearance
New Act  
35 ILCS 5/246 new  
Synopsis As Introduced
Creates the Short Line Railroad Modernization Act. Creates an income tax credit for taxpayers that incur qualified railroad expenditures or qualified new rail infrastructure expenditures. Sets forth the amount of the credit and limitations on the amount of the credit that may be awarded. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Actions
DateChamberAction
2/05/2026SenateFiled with Secretary by Sen. Michael W. Halpin
2/05/2026SenateFirst Reading
2/05/2026SenateReferred to Assignments