Bill Status of SB3765

  1. Home
  2. Legislation
  3. Bill Status

SB3765 - 104th General Assembly

RAILROAD MOD CREDIT
Last Action
2/24/2026 - Senate: Assigned to Revenue
Senate Sponsors
Sen. Michael W. Halpin
Statutes Amended In Order of Appearance
New Act
35 ILCS 5/246 new
Synopsis As Introduced
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.
Actions
Date Chamber Action
2/05/2026 Senate Filed with Secretary by Sen. Michael W. Halpin
2/05/2026 Senate First Reading
2/05/2026 Senate Referred to Assignments
2/24/2026 Senate Assigned to Revenue