91st General Assembly
Summary of HB0322
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House Sponsors:
GIGLIO.

Short description: 
ELECTRICITY EXCISE TAX-RATE                                                

Synopsis of Bill as introduced:
        Amends the Electricity Excise Tax Law.  Provides that the  credit      
   allowed  to  a  public  utility  under  the  Public  Utilities Act for      
   purchasing electricity from a qualified solid  waste  energy  facility      
   shall  be  allowed  as  a  credit  against  the  obligation  to  remit      
   electricity  excise  tax.   Provides  that  each  delivering  supplier      
   collecting  the  tax shall include the credit amount allowed under the      
   Public Utilities Act on  the  monthly  return  to  the  Department  of      
   Revenue.  Amends  the Public Utilities Act.  Provides that a utility's      
   purchases from a qualified solid waste  energy  facility  entitle  the      
   utility  to  credits  against  taxes it collects under the Electricity      
   Excise Tax Law.  Provides that when the capital costs for developing a      
   qualified facility have been paid, then the facility  shall  reimburse      
   the Public Utilities Fund and the General Revenue Fund (now the Public      
   Utilities Fund) for the reductions caused by the tax credits. Requires      
   each  qualified  solid waste energy facility that sells electricity to      
   an electric utility at certain rates to file with the State Treasurer,      
   on or before the 15th of each month, a form that states the number  of      
   kilowatt  hours  of  electricity  for  which payment was received from      
   electric utilities in Illinois during the immediately preceding month.      
   Provides that the qualified solid waste energy facility shall  pay  to      
   the  State  Treasurer  an  amount  equal  to  six-tenths of a mill per      
   kilowatt hour of electricity due through July 1999 and an amount equal      
   to 84/100th of a mill per kilowatt  hour  due  through  January  2009.      
   Provides  for  distributions  from  the Municipal Economic Development      
   Fund  to  municipalities  that  have  within   their   boundaries   an      
   incinerator  that  (1)  uses  municipal  waste  as its primary fuel to      
   generate electricity; (2) is a qualified solid waste  energy  facility      
   prior  to  the  effective  date  of  P.A.  89-448;  and  (3) commenced      
   operation prior to January 1, 1998. Provides that  distributions  from      
   the Fund shall not exceed $600,000 for April 1999 through January 2000      
   and  $700,000  annually thereafter. Amends the Illinois State Auditing      
   Act to require the Auditor General to conduct distribution  audits  at      
   no  cost  to  the municipality. Makes other changes. Provides that the      
   amendatory Act is effective immediately and supersedes the  provisions      
   of  Senate  Bill 299 of the 90th General Assembly if that bill becomes      
   law.                                                                        
 
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