HB2453 96TH GENERAL ASSEMBLY

LRB096 11055 HLH 21373 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB2453

Introduced 2/19/2009, by Rep. Mike Bost

SYNOPSIS AS INTRODUCED:

35 ILCS 200/10-12 new
35 ILCS 200/10-617 new

Amends the Property Tax Code. Creates a special alternate valuation for wind and solar energy devices. Provides that, when a wind or solar energy device that is primarily for the production and distribution of energy for on-site use is installed on any property, the owner of that property may elect to claim an alternate valuation of the property calculated by deducting from the appraised value of the property the amount of the appraised value that arises from the installation or construction of the wind or solar energy device. Effective immediately.

FISCAL NOTE ACT MAY APPLY

HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Property Tax Code is amended by adding Sections 10-12 and 10-617 as follows:

(35 ILCS 200/10-12 new)

Sec. 10-12. Special alternate valuation for solar energy devices. Notwithstanding any other provision of this Division, beginning with the 2009 taxable year, when a solar energy device that is primarily for the production and distribution of energy for on-site use is installed on any property, the owner of that property may elect to claim, by filing with the chief county assessment officer, an alternate valuation of that property. When such a claim for alternate valuation is filed, the chief county assessment officer shall determine the amount of appraised value of the property that arises from the installation or construction of the solar energy device, and shall deduct that amount from the appraised value of the property when computing the alternate valuation. When the solar energy system so valued ceases to be used primarily for the production and distribution of energy for on-site use, the owner of that property shall within 30 days notify the chief county assessment officer in writing by certified mail.

For the purposes of this Section only, "solar energy device" means an apparatus designed or adapted to convert the radiant energy from the sun into thermal, mechanical, or electrical energy; to store the converted energy, either in the form to which it was originally converted or another form; or to distribute radiant solar energy or the energy to which the radiant solar energy is converted.

(35 ILCS 200/10-617 new)

Sec. 10-617. Special alternate valuation for wind energy devices. Notwithstanding any other provision of this Division, beginning with the 2009 taxable year, when a wind energy device that is primarily for the production and distribution of energy for on-site use is installed on any property, the owner of that property may elect to claim, by filing with the chief county assessment officer, an alternate valuation of that property. When such a claim for alternate valuation is filed, the chief county assessment officer shall determine the amount of appraised value of the property that arises from the installation or construction of the wind energy device, and shall deduct that amount from the appraised value of the property when computing the alternate valuation. When the wind energy system so valued ceases to be used primarily for the production and distribution of energy for on-site use, the owner of that property shall within 30 days notify the chief county assessment officer in writing by certified mail.

For the purposes of this Section only, "wind energy device" means an apparatus designed or adapted to convert the energy available in the wind into thermal, mechanical, or electrical energy; to store the converted energy either in the form to which it was originally converted or another form; or to distribute the converted energy.

Section 99. Effective date. This Act takes effect upon becoming law.