REVENUE-SMALL NUCLEAR REACTOR Senate SponsorsSen. Sue Rezin 1/27/2026SenateAssigned to Revenue 35 ILCS 5/246 new35 ILCS 105/3-535 ILCS 110/3-535 ILCS 115/3-535 ILCS 120/2-5Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers that make an investment in the manufacture of a small modular nuclear reactor in the State during the taxable year. Provides that the amount of the credit is 20% of the amount of that investment. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that tangible personal property purchased for use in the construction or operation of a small modular nuclear reactor in the State is exempt from taxation under those Act. Effective immediately. 10/28/2025SenateFiled with Secretary by Sen. Sue Rezin 10/28/2025SenateFirst Reading 10/28/2025SenateReferred to Assignments 1/27/2026SenateAssigned to Revenue 3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026