Illinois SB3765 creates a tax credit for qualified railroad expenditures and new rail infrastructure investments.
SB3765, known as the Short Line Railroad Modernization Act, establishes a tax credit for taxpayers who invest in qualified railroad expenditures or new rail infrastructure in Illinois. The credit is applicable for taxable years beginning after January 1, 2026, and before January 1, 2036. Eligible expenditures include maintenance, reconstruction, or replacement of existing railroad infrastructure and new track infrastructure for rail-served customer locations.
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