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IL SB3796

Bill

Status

Failed

1/7/2025

Primary Sponsor

Steve Stadelman

Click for details

Origin

Senate

103rd General Assembly

AI Summary

  • Amends the Illinois Enterprise Zone Act to allow businesses establishing new battery energy storage solution facilities to qualify for High Impact Business designation

  • 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

  • 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

  • Qualifies designated businesses for tax credits and exemptions under the Retailers' Occupation Tax Act, Public Utilities Act, and Illinois Income Tax Act

  • 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

Committee Referrals

Assignments3/15/2024
Energy and Public Utilities2/28/2024
Assignments2/9/2024

Full Bill Text

No bill text available