IllinoisHB2832104th General Assembly (2025–2026)House

SHORT LINE RAILROAD ACT

Sponsored By: Charles Meier (Republican)

In Committee

Summary

Creates the Short Line Railroad Infrastructure Modernization Act. Provides that (i) any railroad company that is located wholly or partly within the State and that is classified by the United States Surface Transportation Board as a Class II or a Class III railroad and (ii) any owner or lessee of a rail siding, industrial spur, or industry track located on or adjacent to any railroad in the State may apply to the Department of Transportation for an income tax credit. Provides that the amount of the credit shall be equal to 50% of the qualified railroad reconstruction or replacement expenditures incurred by the eligible taxpayer during the taxable year, but not to exceed certain specified limitations. Provides that the credit may be transferred to an eligible transferee. Amends the Freedom of Information Act and the Illinois Income Tax Act to make conforming changes. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Charles Meier

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  2. Assigned to Revenue & Finance Committee

    3/18/2026House
  3. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  4. To Tax Policy: Other Taxes Subcommittee

    3/6/2025House
  5. Assigned to Revenue & Finance Committee

    3/4/2025House
  6. Referred to Rules Committee

    2/6/2025House
  7. First Reading

    2/6/2025House
  8. Filed with the Clerk by Rep. Charles Meier

    2/5/2025House

Bill Text

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