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Deletes everything after the enacting clause. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Authorizes the Department of Commerce and Economic Opportunity to establish and maintain a pilot program to ensure the availability and affordability of electric service to businesses that are considering relocating outside of Illinois or businesses that wish to locate to Illinois. Provides that, under this pilot program, participating energy providers shall receive an income tax credit for discounting certified amounts from the energy bill of an approved business. Provides that the amount certified by the Department may not exceed $1,000,000 in any one fiscal year. The Department must adopt rules to implement and administer this program. Sets forth procedures for the program. Requires the Department to report to the General Assembly concerning the pilot program. Amends the Illinois Income Tax Act to create the income tax credit for participating energy providers under the program. Effective immediately.
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