SB3665 - 104th General Assembly (2025-2026)

INC TAX-ENERGY CHOICE
Last Action
2/05/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Christopher Belt
Statutes Amended In Order of Appearance
35 ILCS 5/246 new  
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a qualified taxpayer may apply to the Department of Revenue for an income tax credit in an amount equal to 20% of the wages paid by the qualified taxpayer to a qualified energy choice worker based in Illinois in the taxable year. Provides that the term "qualified taxpayer" means a taxpayer that is a regulated utility in the State of Illinois or a power generating company providing baseload or intermediate generation in Illinois and that meets specified criteria and is able to demonstrate an adverse and material operational impact to either its overall Illinois-based workforce or its ability to conduct business in Illinois based on the scheduled phaseout target dates of 2030, 2035, 2040, and 2045, as provided in Public Act 102-662. Sets forth limitations on the amount of the credit. Effective immediately.
Actions
DateChamberAction
2/05/2026SenateFiled with Secretary by Sen. Christopher Belt
2/05/2026SenateFirst Reading
2/05/2026SenateReferred to Assignments