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.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status