Illinois Senate Bill 3420 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Creates the Illinois Energy Transition Zone Act. Provides for the certification by the Department of Commerce and Economic Opportunity of municipal ordinances designating an area as an Energy Transition Zone. Provides that green energy enterprises located in Energy Transition Zones shall be eligible to apply for certain tax incentives. Provides that a green energy enterprise is a company that is engaged in the production of solar energy, wind energy, water energy, geothermal energy, bioenergy, or hydrogen fuel and cells. Contains provisions concerning qualifications and applications. Creates the Energy Transition Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall make income tax credit awards under the Act to foster job creation and the development of green energy in Energy Transition Zones. Amends the Illinois Income Tax Act, the Retailers' Occupation Tax Act, and the Public Utilities Act to make conforming changes concerning tax incentives. Effective immediately.

REVENUE-GREEN ENERGY

Sen. Melinda Bush [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-02-14	Senate	Referred to Assignments
2020-02-14	Senate	First Reading
2020-02-14	Senate	Filed with Secretary by Sen. Melinda Bush

Chapter	Article	Section	Citation Type	Statute Text
220	5	9-221	Amended Code	Citation Text
220	5	9-222	Amended Code	Citation Text
220	5	9-222.1B	New Code	See Bill Text
30	105	5.930	New Code	See Bill Text
30	805	8.44	New Code	See Bill Text
35	120	5k-1	New Code	See Bill Text
35	5	201	Amended Code	Citation Text
5	100	5-45	Amended Code	Citation Text
65	5	8-11-2	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3420&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB3420.htm