Bill Status of SB 3420   101st General Assembly

Short Description:  REVENUE-GREEN ENERGY

Senate Sponsors
Sen. Melinda Bush

Last Action  View All Actions

DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
5 ILCS 100/5-45from Ch. 127, par. 1005-45
30 ILCS 105/5.930 new
30 ILCS 805/8.44 new
35 ILCS 5/201
35 ILCS 120/5k-1 new
65 ILCS 5/8-11-2from Ch. 24, par. 8-11-2
220 ILCS 5/9-221from Ch. 111 2/3, par. 9-221
220 ILCS 5/9-222from Ch. 111 2/3, par. 9-222
220 ILCS 5/9-222.1b new

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/14/2020SenateFiled with Secretary by Sen. Melinda Bush
  2/14/2020SenateFirst Reading
  2/14/2020SenateReferred to Assignments
  1/13/2021SenateSession Sine Die

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