IL HB5598

Amends the Illinois Enterprise Zone Act to allow businesses establishing new battery energy storage solution facilities to receive "High Impact Business" designation for up to 20 years with renewal option.

Defines "new battery energy storage solution facility" as newly constructed or expanded battery storage facilities (including replacements) with minimum capacity of 100 megawatts and storage capability of at least 200 megawatt hours, including associated transmission lines and equipment.

High Impact Businesses qualifying under this provision gain eligibility for tax credits and exemptions under the Retailers' Occupation Tax Act, Public Utilities Act, and Illinois Income Tax Act upon facility operation.

Corrects terminology throughout the Act by changing "coal-mining" to "coal mining" for consistency with existing provisions covering coal mining jobs and related facilities.

Renames former paragraph (G) concerning grocery stores as paragraph (H) to accommodate the new battery storage facility provision as paragraph (I).