· IL legislature · 104th

RAILROAD MOD CREDIT

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 T…

Sponsor

Mike Halpin (D-IL)

Introduced

2026-02-05

Policy area

Transportation and Public Works

Latest action

Added as Chief Co-Sponsor Sen. Patrick J. Joyce