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<xml>
<title>Illinois General Assembly - Bill Status for SB 2706</title>
<shortdesc>PROP TX-ENERGY SYSTEMS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Sally J. Turner-Terri Bryant-Chapin Rose and Dave Syverson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/27/2026</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/10-600</reference><aliasreference></aliasreference><reference>35 ILCS 200/10-720</reference><aliasreference></aliasreference><SynopsisText>Amends the Property Tax Code. In provisions concerning the valuation of wind energy devices, provides that, for taxable year 2026 and thereafter, the real property cost basis is $588,000 per megawatt of nameplate capacity (currently, $360,000 per megawatt of nameplate capacity). In provisions concerning the valuation of solar energy systems, provides that, for taxable year 2026 and thereafter, the real property cost basis is $446,000 per megawatt of nameplate capacity (currently, $218,000 per megawatt of nameplate capacity). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>10/14/2025</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Sally J. Turner</action>
<statusdate>10/14/2025</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>10/14/2025</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>10/22/2025</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Terri Bryant</action>
<statusdate>10/27/2025</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Dave Syverson</action>
<statusdate>10/28/2025</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Chapin Rose</action>
<statusdate>1/27/2026</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/13/2026</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 24, 2026</action>
</actions>
</xml>
