· IL legislature · 104th

INC TX-DIESEL CREDIT

Amends the Illinois Income Tax Act. Creates an income tax credit for each taxpayer that manufactures renewable diesel in Illinois for use by a rail carrier. Provides that the amount of the credit is $1 per gallon of renewable diesel that is manufactured by the taxpayer in the State for use by a rail carrier. Effecti…

Sponsor

Lisa Hernandez (D-IL)

Introduced

2025-02-07

Policy area

Energy

Latest action

Motion to Suspend Rule 21 - Prevailed 005-000-000