SB3072 - 104th General Assembly (2025-2026)

INC TAX-FUEL COSTS
Last Action
2/10/2026 - Senate: Assigned to Revenue
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
DateChamberAction
1/29/2026SenateFiled with Secretary by Sen. Meg Loughran Cappel
1/29/2026SenateFirst Reading
1/29/2026SenateReferred to Assignments
2/10/2026SenateAssigned to Revenue