IL SB3420 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Illinois Energy Transition Zone Act. Provides for the certification by the Department of Commerce and Economic Opportunity of municipal ordinances designating an area as an Energy Transition Zone. Provides that green energy enterprises located in Energy Transition Zones shall be eligible to apply for certain tax incentives. Provides that a green energy enterprise is a company that is engaged in the production of solar energy, wind energy, water energy, geothermal energy, bioenergy, or hydrogen fuel and cells. Contains provisions concerning qualifications and applications. Creates the Energy Transition Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall make income tax credit awards under the Act to foster job creation and the development of green energy in Energy Transition Zones. Amends the Illinois Income Tax Act, the Retailers' Occupation Tax Act, and the Public Utilities Act to make conforming changes concerning tax incentives. Effective immediately.
Title
REVENUE-GREEN ENERGY
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-01-13 | Senate | Session Sine Die |
2020-02-14 | Senate | Referred to Assignments |
2020-02-14 | Senate | First Reading |
2020-02-14 | Senate | Filed with Secretary by Sen. Melinda Bush |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
220 | 5 | 9-221 | Amended Code | Citation Text |
220 | 5 | 9-222 | Amended Code | Citation Text |
220 | 5 | 9-222.1B | New Code | See Bill Text |
30 | 105 | 5.930 | New Code | See Bill Text |
30 | 805 | 8.44 | New Code | See Bill Text |
35 | 120 | 5k-1 | New Code | See Bill Text |
35 | 5 | 201 | Amended Code | Citation Text |
5 | 100 | 5-45 | Amended Code | Citation Text |
65 | 5 | 8-11-2 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3420&GAID=15&DocTypeID=SB&SessionID=108&GA=101 |
Text | https://www.ilga.gov/legislation/101/SB/10100SB3420.htm |