Illinois 104th General Assembly Status: Introduced Bipartisan · 2 R · 1 D cosponsors

HB4703      — RAILROAD MOD CREDIT

Last action — Added Co-Sponsor Rep. Amy Elik

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House. Introduced January 29, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 28% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 1 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

Establishes a tax credit for certain railroad expenditures in Illinois.

The bill creates an income tax credit for taxpayers who incur specific railroad-related expenditures. It also makes amendments to the Illinois Income Tax Act to align with these changes.

Summary

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 Tax Act to make conforming changes. Effective immediately.

Bill Text

We don't have the full text on file for this bill yet.

Read HB4703 on the official Illinois source →

Action History

  1. Added Co-Sponsor Rep. Amy Elik

  2. Rule 19(a) / Re-referred to Rules Committee

  3. Added Co-Sponsor Rep. William E Hauter

  4. To Tax Policy: Other Taxes Subcommittee

  5. Assigned to Revenue & Finance Committee

  6. Referred to Rules Committee

  7. First Reading

  8. Filed with the Clerk by Rep. Dave Vella

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 180 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (180)

180 members have not signed on to this bill.

Show all 180 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation transportation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB4703      do?
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 Tax Act to make conforming changes. Effective immediately.
Who sponsors HB4703     ?
HB4703      is sponsored by Dave Vella (Democrat), William E Hauter (Republican), and Amy Elik (Republican).
What is the current status of HB4703     ?
This bill has been introduced in the House. Introduced January 29, 2026. It must pass committee before a floor vote.
Where can I track HB4703     ?
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Last checked for changes 3 months ago · updated continuously

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