# Illinois HB4703: RAILROAD MOD CREDIT

Illinois HB4703, RAILROAD MOD CREDIT, is a 104th General Assembly (2025–2026) House bill sponsored by Dave Vella (Democratic); status in committee, last action 2026-05-20 (Added Co-Sponsor Rep. Amy Elik) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB4703-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB4703
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: RAILROAD MOD CREDIT
- Status: in committee
- Chamber: House
- Introduced: 2026-01-29
- Last action: 2026-05-20, Added Co-Sponsor Rep. Amy Elik
- Sponsor: Dave Vella (Democratic)
- Cosponsors: 2
- Subjects: revenue & finance
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Dave Vella (Democratic), House
- Cosponsor: Amy Elik (Republican), House
- Cosponsor: William E Hauter (Republican), House

## Actions (8)

- 2026-05-20: Added Co-Sponsor Rep. Amy Elik (House)
- 2026-03-27: Rule 19(a) / Re-referred to Rules Committee (House)
- 2026-03-26: Added Co-Sponsor Rep. William E Hauter (House)
- 2026-02-26: To Tax Policy: Other Taxes Subcommittee (House)
- 2026-02-17: Assigned to Revenue & Finance Committee (House)
- 2026-02-06: Referred to Rules Committee (House)
- 2026-02-06: First Reading (House)
- 2026-01-29: Filed with the Clerk by Rep. Dave Vella (House)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4703.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4703.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-HB4703-2025-2026 (as of 2026-11-01).