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SB 3765

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: February 24, 2026.

RAILROAD MOD CREDIT.

Bill ID IL-104-SB-3765
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2026-02-24
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.

Sponsor
Michael W. Halpin
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-05 Introduced Bill introduced
2026-02-24 Status in_committee
2026-02-24 Latest Action 2/24/2026 - Senate:
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