RAILROAD MOD CREDIT
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2026
Last action May 22, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
1
Committee
4
May 22, 2026
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Mar 13, 2026
Upper · Passed
Rule 2-10 Committee Deadline Established As April 24, 2026
upper
Feb 24, 2026
Committee
Assigned to Revenue
upper
Feb 5, 2026
Committee
Referred to Assignments
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Halpin
DDemocratic
Co
Mark Walker
DDemocratic
Co
Patrick Joyce
DDemocratic
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