IL HB5479

Amends the Environmental Protection Act to clarify the definition of "equity investment eligible community" for greenhouse gas emission reduction requirements affecting certain electric generating units and large GHG-emitting facilities.

Specifies that equity investment eligible communities must have been designated by the Restore, Reinvest, and Renew (R3) Program Board as of January 11, 2024 and must be located in an R3 Area established under the Cannabis Regulation and Tax Act.

Applies to non-public gas-fired electric generating units and large GHG-emitting units located within 3 miles of these designated communities, which face accelerated emission reduction deadlines (zero emissions by January 1, 2030 for high-polluting units, or January 1, 2035 for lower-emission units).

Creates a fixed reference date for community designations, preventing future changes to R3 designations from affecting which power plants are subject to the stricter emission reduction timelines.