IllinoisHB4703104th General Assembly (2025–2026)House

RAILROAD MOD CREDIT

Sponsored By: Dave Vella (Democratic)

In Committee

Summary

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.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Dave Vella

    Democratic • House

Cosponsors

  • Amy Elik

    Republican • House

  • William E Hauter

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Amy Elik

    5/20/2026House
  2. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  3. Added Co-Sponsor Rep. William E Hauter

    3/26/2026House
  4. To Tax Policy: Other Taxes Subcommittee

    2/26/2026House
  5. Assigned to Revenue & Finance Committee

    2/17/2026House
  6. Referred to Rules Committee

    2/6/2026House
  7. First Reading

    2/6/2026House
  8. Filed with the Clerk by Rep. Dave Vella

    1/29/2026House

Bill Text

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