Bill Status of SB2706

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SB2706 - 104th General Assembly

PROP TX-ENERGY SYSTEMS
Last Action
10/14/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
35 ILCS 200/10-600
35 ILCS 200/10-720
Synopsis As Introduced
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.
Actions
Date Chamber Action
10/14/2025 Senate Filed with Secretary by Sen. Sally J. Turner
10/14/2025 Senate First Reading
10/14/2025 Senate Referred to Assignments
10/22/2025 Senate Added as Chief Co-Sponsor Sen. Terri Bryant
10/27/2025 Senate Added as Co-Sponsor Sen. Dave Syverson
10/28/2025 Senate Added as Chief Co-Sponsor Sen. Chapin Rose