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