HB3419 - 104th General Assembly
INC TX-DIESEL CREDIT
Statutes Amended In Order of Appearance
35 ILCS 5/246 new
Synopsis As Introduced
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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/07/2025 | House | Filed with the Clerk by Rep. Elizabeth "Lisa" Hernandez |
| 2/18/2025 | House | First Reading |
| 2/18/2025 | House | Referred to Rules Committee |
| 3/07/2025 | House | Added Co-Sponsor Rep. Jaime M. Andrade, Jr. |
| 3/07/2025 | House | Added Co-Sponsor Rep. Edgar González, Jr. |
| 3/11/2025 | House | Assigned to Revenue & Finance Committee |
| 3/13/2025 | House | To Income Tax Subcommittee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |
| 5/20/2025 | House | Motion Filed to Suspend Rule 21 Rules Committee; Rep. Bob Morgan |
| 5/20/2025 | House | Motion to Suspend Rule 21 - Prevailed 005-000-000 |