Illinois · House Bill 4703 · 104th General Assembly

RAILROAD MOD CREDIT

HB 4703 Sponsored by Dave Vella In committee

  1. Introduced Jan 29, 2026
  2. In committee Feb 6, 2026
  3. Passed the House Next
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

8 steps, oldest first, as the legislature records them.

  1. HouseFiled with the Clerk by Rep. Dave Vella
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  5. CommitteeTo Tax Policy: Other Taxes Subcommittee · House Tax Policy: Other Taxes Subcommitte
  6. HouseAdded Co-Sponsor Rep. William E Hauter
  7. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  8. HouseAdded Co-Sponsor Rep. Amy Elik

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 2 cosponsors: 2 Republicans.

All 2 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.