Senate Sponsors: RADOGNO-GEO-KARIS. Short description: ENERGY EFFICIENCY TAX CREDIT Synopsis of Bill as introduced: Amends the Renewable Energy, Energy Efficiency, and Coal Resources Development Law of 1997. Increases from $3,000,000 to $30,000,000 the amount to be contributed by electric suppliers for the Energy Efficiency Trust Fund. Authorizes moneys in that fund to be expended for purchases of products to enhance energy efficiency. Requires program criteria to be established by January 1, 2000. Amends the Illinois Income Tax Act to create a tax credit equal to the lesser of $500 or 25% of the amount expended for energy efficiency products and projects. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. From January 1, 2000 through December 31, 2004, reduces the rate of tax imposed under those Acts from 6.25% to 4.25% on personal property designed to promote energy efficiency and deemed eligible for the reduced rate by the Department of Commerce and Community Affairs. Amends the State Finance Act to reference the rate changes. Amends the State Mandates Act to require implementation without reimbursement. Makes other changes. Effective immediately. SENATE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 105/6z-18 from Ch. 127, par. 142z-18 30 ILCS 105/6z-20 from Ch. 127, par. 142z-20 35 ILCS 105/3-10 from Ch. 120, par. 439.3-10 35 ILCS 105/3-85 35 ILCS 105/9 from Ch. 120, par. 439.9 35 ILCS 110/3-10 from Ch. 120, par. 439.33-10 35 ILCS 110/3-70 35 ILCS 110/9 from Ch. 120, par. 439.39 35 ILCS 115/3-10 from Ch. 120, par. 439.103-10 35 ILCS 115/9 from Ch. 120, par. 439.109 35 ILCS 120/2-10 from Ch. 120, par. 441-10 35 ILCS 120/3 from Ch. 120, par. 442 35 ILCS 120/5l from Ch. 120, par. 444l 30 ILCS 805/8.23 new Deletes everything. Amends the Renewable Energy, Energy Efficiency, and Coal Resources Development Law of 1997 and amends the Illinois Income Tax Act. Creates a tax credit equal to the lesser of $500 or 25% of the amount expended for energy efficiency products deemed eligible for the credit by the Department of Commerce and Community Affairs. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status