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IL SB3796
Bill
Status
1/7/2025
Primary Sponsor
Steve Stadelman
Click for details
AI Summary
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Amends the Illinois Enterprise Zone Act to allow businesses establishing new battery energy storage solution facilities to qualify for High Impact Business designation
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Defines "new battery energy storage solution facility" as newly constructed, expanded, or replaced battery storage facilities with minimum capacity of 100 megawatts and storage capability of at least 200 megawatt hours of energy, including associated transmission lines and equipment
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Designations provide an initial 20-year term with option for renewal for up to 20 years, subject to Department approval within 90 days of application
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Qualifies designated businesses for tax credits and exemptions under the Retailers' Occupation Tax Act, Public Utilities Act, and Illinois Income Tax Act
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Makes related conforming changes to existing High Impact Business provisions regarding grocery stores and cultured cell material food production facilities
Legislative Description
HIB-NEW BATTERY ENERGY STORAGE
Last Action
Session Sine Die
1/7/2025