101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB3463
 
Introduced 2/14/2020, by Sen. David Koehler
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 200/10-720

     Amends the Property Tax Code. Provides that the valuation procedures for commercial solar energy systems apply regardless of whether the owner of the device or devices is also the owner or occupant of the property.
  


LRB101 20233 HLH 69773 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
SB3463LRB101 20233 HLH 69773 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 Property Tax Code is amended  by changing 
5Section 10-720 as follows:
 
6    (35 ILCS 200/10-720)
7    Sec. 10-720. Definitions.   For the purpose of this Division

820:
9    "Allowance for physical depreciation" means (i) the actual 
10age
in years of the commercial solar energy system on the 
11assessment
date divided by 25 years, multiplied by (ii) its 
12trended real property
cost basis. The physical depreciation, 
13however, may not reduce
the value of the commercial solar 
14energy system to less than 30%
of its trended real property 
15cost basis. 
16    "Commercial solar energy system" means any device or

17assembly of devices that (i) is ground installed and (ii) uses

18solar energy from the sun for generating electricity for the

19primary purpose of wholesale or retail sale and not primarily

20for consumption by the property's owner or occupant on the 
21property on which the device or devices
reside, regardless of 
22whether the owner of the device or devices is also the owner or 
23occupant of the property. 
 
 
SB3463- 2 -LRB101 20233 HLH 69773 b

1    "Commercial solar energy system real property cost basis"

2means the owner of a commercial solar energy system's
interest 
3in the land within the project boundaries and real
property 
4improvements and shall be calculated at $218,000 per megawatt 
5of
nameplate capacity. For the purposes of this Section,

6"nameplate capacity" has the same definition as found in 
7Section
1-10 of the Illinois Power Agency Act. 
8    "Ground installed" means the installation of a commercial

9solar energy system, with the primary purpose of solar energy

10generation for wholesale or retail sale, on a parcel or tract 
11of
land. 
12    "Trended real property cost basis" means the commercial

13solar energy system real property cost basis multiplied by the

14trending factor. 
15    "Trending factor" means a number equal to the Consumer

16Price Index (U.S. city average all items) published by the

17Bureau of Labor Statistics for the December immediately

18preceding the assessment date, divided by the Consumer Price

19Index (U.S. city average all items) published by the Bureau of

20Labor Statistics for December of 2017. 

21(Source: P.A. 100-781, eff. 8-10-18.)