Illinois General Assembly - Bill Status for HB1550
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 Bill Status of HB1550  100th General Assembly


Short Description:  RENEWABLE ENERGY-WIND-SOLAR

House Sponsors
Rep. Jack D. Franks

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Renewable Solar and Wind Energy Act. Provides that beginning July 1, 2007, certain entities not in the electric utility business or in the gas distribution business may apply to the electric utility serving the situs of the entity for an investment cost recovery incentive for each kilowatt-hour from a customer-generated electricity renewable energy system installed on the entity's property that is not interconnected to an electric distribution system. Requires applicants to submit a certification to the Department of Revenue before being approved for the incentive. Requires applicants to keep records of incentives received. Provides for recovery of incentives due and remittance of excessive incentives. Provides tax credits for certain participating entities. Requires the Department to report to the Environment and Energy Committees of the General Assembly by December 1, 2011 on the impact of this Act.

Actions 
DateChamber Action
  2/22/2007HouseFiled with the Clerk by Rep. Jack D. Franks
  2/22/2007HouseFirst Reading
  2/22/2007HouseReferred to Rules Committee
  2/27/2007HouseAssigned to Revenue Committee
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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