RAILROAD MOD CREDIT House SponsorsRep. Dave Vella and William E Hauter 3/27/2026HouseRule 19(a) / Re-referred to Rules Committee New Act35 ILCS 5/246 new 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. 1/29/2026HouseFiled with the Clerk by Rep. Dave Vella 2/6/2026HouseFirst Reading 2/6/2026HouseReferred to Rules Committee 2/17/2026HouseAssigned to Revenue & Finance Committee 2/26/2026HouseTo Tax Policy: Other Taxes Subcommittee 3/26/2026HouseAdded Co-Sponsor Rep. William E Hauter 3/27/2026HouseRule 19(a) / Re-referred to Rules Committee