Bill Status of SB3072

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SB3072 - 104th General Assembly

INC TAX-FUEL COSTS
Last Action
2/10/2026 - Senate: Assigned to Revenue
Senate Sponsors
Sen. Meg Loughran Cappel
Statutes Amended In Order of Appearance
35 ILCS 5/247 new
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a taxpayer that incurs qualified infrastructure costs in connection with the sale at a qualified retail motor fuel facility in the State of biodiesel, higher blends of ethanol fuel, and renewable diesel is allowed an income tax credit in an amount equal to 30% of those qualified infrastructure costs. Provides that the credit may not exceed $200,000 per qualified facility and $1,000,000 per taxpayer per taxable year. Effective immediately.
Actions
Date Chamber Action
1/29/2026 Senate Filed with Secretary by Sen. Meg Loughran Cappel
1/29/2026 Senate First Reading
1/29/2026 Senate Referred to Assignments
2/10/2026 Senate Assigned to Revenue