IL HB2527

Establishes a tax credit for taxpayers who contract with commercial composting facilities to separately collect and process compostable garbage, landscape waste, and unused food, effective for taxable years beginning January 1, 2015 and later.

Credits equal 50% of costs incurred under composting contracts, capped at $2,000 per taxpayer annually.

Defines "commercial composting facility" as any facility processing solid waste through composting but excludes private facilities operated solely for the owner's waste or nonprofit/cost-sharing arrangements.

Allows excess credits beyond tax liability to be refunded to taxpayers and exempts the credit from automatic sunset provisions.

Takes effect immediately upon enactment.