Illinois Senate Bill 2721

---

Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on October 28 2025 - 25% progression, died in committee
Action: 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers that make an investment in the manufacture of a small modular nuclear reactor in the State during the taxable year. Provides that the amount of the credit is 20% of the amount of that investment. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that tangible personal property purchased for use in the construction or operation of a small modular nuclear reactor in the State is exempt from taxation under those Act. Effective immediately.

REVENUE-SMALL NUCLEAR REACTOR

Sen. Susan Rezin [R]

Date	Chamber	Action
2026-05-22	Senate	Rule 3-9(a) / Re-referred to Assignments
2026-05-15	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
2026-04-24	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
2026-03-13	Senate	Rule 2-10 Committee Deadline Established As April 24, 2026
2026-01-27	Senate	Assigned to Revenue
2025-10-28	Senate	Referred to Assignments
2025-10-28	Senate	First Reading
2025-10-28	Senate	Filed with Secretary by Sen. Sue Rezin

Chapter	Article	Section	Citation Type	Statute Text
35	105	3-5	Amended Code	Citation Text
35	110	3-5	Amended Code	Citation Text
35	115	3-5	Amended Code	Citation Text
35	120	2-5	Amended Code	Citation Text
35	5	246	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=2721&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=205714&DocName=10400SB2721&DocNum=2721&DocTypeID=SB&LegID=164418&GAID=18&SessionID=114&SpecSess=&Session=