90th General Assembly
Summary of SB1227
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Senate Sponsors:

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,  1999.      
   Amends the Illinois Income Tax Act to create a tax credit equal to 25%      
   of  the  amount  expended for energy efficiency products and projects.      
   Effective immediately.                                                      
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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