IllinoisSB2721104th General Assembly (2025–2026)Senate

REVENUE-SMALL NUCLEAR REACTOR

Sponsored By: Sue Rezin (Republican)

In Committee

Summary

Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers that make an investment in the manufacture of a small modular nuclear reactor in the State during the taxable year. Provides that the amount of the credit is 20% of the amount of that investment. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that tangible personal property purchased for use in the construction or operation of a small modular nuclear reactor in the State is exempt from taxation under those Act. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Sue Rezin

    Republican • Senate

Cosponsors

  • Chris Balkema

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Chris Balkema

    10/15/2026Senate
  2. Rule 3-9(a) / Re-referred to Assignments

    5/22/2026Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  4. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

    4/24/2026Senate
  5. Rule 2-10 Committee Deadline Established As April 24, 2026

    3/13/2026Senate
  6. Assigned to Revenue

    1/27/2026Senate
  7. Referred to Assignments

    10/28/2025Senate
  8. First Reading

    10/28/2025Senate
  9. Filed with Secretary by Sen. Sue Rezin

    10/28/2025Senate

Bill Text

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