Illinois SB 2024: INC TX-DIESEL CREDIT

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB2024

Introduced 2/6/2025, by Sen. Celina Villanueva 

SYNOPSIS AS INTRODUCED:

35 ILCS 5/246 new

 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.

LRB104 06019 HLH 16052 b

A BILL FOR

SB2024LRB104 06019 HLH 16052 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Income Tax Act is amended by 

5adding Section 246 as follows:

6 (35 ILCS 5/246 new)

7 Sec. 246. Rail carrier renewable diesel tax credit.

8 (a) For taxable years beginning on or after January 1, 

92027, each taxpayer that manufactures renewable diesel in 

10Illinois for use by a rail carrier is eligible for a credit 

11against the tax imposed by subsections (a) and (b) of Section 

12201 as provided in this Section. 

13 The amount of the credit shall be $1 per gallon, or 

14fraction of a gallon, of renewable diesel that is manufactured 

15by the taxpayer in the State for use by a rail carrier. 

16 (b) To qualify for the credit under this Section, the 

17taxpayer must retain in its books and records: 

18 (1) records indicating the number of whole gallons of 

19 renewable diesel manufactured by the taxpayer in Illinois 

20 for use by a rail carrier; and 

21 (2) a verification that the renewable diesel blended 

22 by the taxpayer meets the definition of renewable diesel 

23 set forth in this Section. 

SB2024- 2 -LR