Illinois Senate Bill 2024: INC TX-DIESEL CREDIT

Illinois · 104th session

What it does

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. Effective immediately.

Latest action

Rule 3-9(a) / Re-referred to Assignments (2025-06-02)

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