LEITCH-SLONE. New Act 65 ILCS 5/8-11-2 from Ch. 24, par. 8-11-2 220 ILCS 5/3-105 from Ch. 111 2/3, par. 3-105 220 ILCS 5/4-305 from Ch. 111 2/3, par. 4-305 220 ILCS 5/7-108 220 ILCS 5/8-403.1 from Ch. 111 2/3, par. 8-403.1 220 ILCS 5/8-404 from Ch. 111 2/3, par. 8-404 220 ILCS 5/8-406 from Ch. 111 2/3, par. 8-406 220 ILCS 5/9-212 from Ch. 111 2/3, par. 9-212 220 ILCS 5/9-213 from Ch. 111 2/3, par. 9-213 220 ILCS 5/9-214 from Ch. 111 2/3, par. 9-214 220 ILCS 5/9-220 from Ch. 111 2/3, par. 9-220 220 ILCS 5/Art. XVI heading new 220 ILCS 5/16-100 new 220 ILCS 5/16-105 new 220 ILCS 5/16-110 new 220 ILCS 5/16-115 new 220 ILCS 5/16-120 new 220 ILCS 5/16-125 new 220 ILCS 5/16-130 new 220 ILCS 5/16-135 new 220 ILCS 5/16-140 new 220 ILCS 5/16-145 new 220 ILCS 5/8-402 rep. 220 ILCS 5/8-402.1 rep. 220 ILCS 5/8-407 rep. 220 ILCS 5/9-215 rep. 220 ILCS 5/9-215.1 rep. 220 ILCS 5/9-217 rep. Amends the Public Utilities Act. Provides that beginning January 1, 1998, a consumer may purchase electricity from any electric power supplier. Provides that the production of electricity is not considered to be a business of a public utility. Allows a host utility to impose a lost margin charge to alleviate critical financial distress. Provides that the host utility has an ongoing duty to provide bundled service to residential and small commercial customers and that the rates for those customers shall be capped until January 1, 2003. Provides that the Commission shall consider the establishment of a universal service fund to ensure that low-income customers have access to affordable energy. Requires the Commission to report its findings and recommendations to the General Assembly by January 1, 1999. Creates the Electric Revenue Use Tax Act. Imposes a tax on the privilege of using electricity. The tax is to be the lower of .32 cents per kilowatt hour or 5% of the purchase price. Provides for administration by the Department of Revenue. Amends the Illinois Municipal Code to authorize municipalities to impose a tax upon the privilege of using electricity at a rate not to exceed 5% of the purchase price. Effective January 1, 1998 except that certain provisions take effect upon becoming law. FISCAL NOTE (Dept. of Revenue) Public utility tax receipts could decrease by an estimated $50 million. Local gov'ts. will also realize an estimated $75 million reduction in invested capital tax receipts. FISCAL NOTE (Commerce Commission, Ill.) Fiscal impact on Commission operations is unknown at this time. 97-01-29 H FILED WITH CLERK 97-01-29 H ADDED AS A JOINT SPONSOR LEITCH 97-01-29 H ADDED AS A CO-SPONSOR SLONE 97-01-29 H FIRST READING 97-01-29 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-01-30 H PRIMARY SPONSOR CHANGED TO LEITCH 97-02-05 H ASSIGNED TO COMMITTEE ELECTRIC UTIL 97-02-27 H FISCAL NOTE FILED 97-02-27 H COMMITTEE ELECTRIC UTIL 97-03-07 H FISCAL NOTE FILED 97-03-07 H COMMITTEE ELECTRIC UTIL 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary