House Sponsors: NOVAK. Short description: ENERGY EFFICIENT CREDIT-EXEMPT Synopsis of Bill as introduced: Amends the Renewable Energy, Energy Efficiency, and Coal Resources Development Law of 1997. Amends the State Finance Act to make corresponding sales tax rate changes. Authorizes moneys in the Efficiency Trust 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 Mandates Act to require implementation without reimbursement. Makes other changes. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status