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IL HB5194

Bill

Official Source

Status

Introduced

2/5/2026

Primary Sponsor

Lawrence Walsh

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Creates a 20% income tax credit on wages paid to qualified energy workers in Illinois, capped at $2,000 per employee and 50 employees per taxpayer annually
  • Applies to regulated utilities and power generating companies providing baseload or intermediate generation that can demonstrate adverse operational impacts from clean energy phaseout deadlines (2030, 2035, 2040, 2045) under Public Act 102-662
  • Limits total statewide credits to $25 million per fiscal year
  • Available for taxable years from December 31, 2026 through December 31, 2030, with unused credits carried forward up to 5 years
  • Department of Revenue will administer the program in consultation with the Department of Commerce and Economic Opportunity, Illinois Power Agency, Illinois Commerce Commission, and Illinois EPA

Legislative Description

INC TAX-ENERGY CHOICE

Last Action

Assigned to Revenue & Finance Committee

3/12/2026

Committee Referrals

Revenue & Finance3/12/2026
Rules2/10/2026

Full Bill Text

No bill text available