92nd General Assembly
Summary of HB1599
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House Sponsors:
DANIELS-MADIGAN,MJ-BOST-GRANBERG-JONES,JOHN, REITZ, 
   RUTHERFORD, BASSI, BEAUBIEN, BELLOCK, BERNS, BIGGINS, 
   BRADY, COULSON, COWLISHAW, CROSS, DURKIN, HASSERT, HOEFT, 
   JOHNSON, KLINGLER, KOSEL, KRAUSE, KURTZ, LAWFER, LEITCH, 
   LYONS,EILEEN, MATHIAS, MCAULIFFE, MEYER, 
   MITCHELL,JERRY, MOFFITT, MOORE, MULLIGAN, MYERS,RICHARD, 
   OSMOND, PANKAU, PARKE, PERSICO, POE, RIGHTER, RYDER, 
   SCHMITZ, SOMMER, STEPHENS, TURNER,JOHN, WAIT, WINKEL, 
   WIRSING, WOJCIK AND ZICKUS.

Senate Sponsors:
LUECHTEFELD-WOOLARD-MAHAR-WATSON-O'DANIEL

Short description: 
ENERGY-POWER PLANTS-COAL-DCCA                                              

Synopsis of Bill as introduced:
        Amends the Rural Economic Development  Act.   Makes  a  technical      
   change in a Section concerning the short title of the Act.                  
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          30 ILCS 710/1-1                                                      
          Adds reference to:                                                   
          New Act                                                              
          20 ILCS 605/605-332 new                                              
          20 ILCS 655/5.5                 from Ch. 67 1/2, par. 609.1          
          20 ILCS 687/6-3                                                      
          30 ILCS 105/5.545 new                                                
          30 ILCS 105/5.546 new                                                
          30 ILCS 105/6z-51 new                                                
          35 ILCS 5/201                   from Ch. 120, par. 2-201             
          35 ILCS 105/9                   from Ch. 120, par. 439.9             
          35 ILCS 110/9                   from Ch. 120, par. 439.39            
          35 ILCS 115/9                   from Ch. 120, par. 439.109           
          35 ILCS 120/3                   from Ch. 120, par. 442               
          35 ILCS 200/18-165                                                   
          220 ILCS 5/9-222                from Ch. 111 2/3, par. 9-222         
          220 ILCS 5/9-222.1A                                                  
          220 ILCS 5/16-126                                                    
          415 ILCS 5/9.9                                                       
          415 ILCS 5/9.10 new                                                  
          20 ILCS 3505/7.90 new                                                
        Deletes everything.  Creates the  Illinois  Resource  Development      
   and  Energy  Security  Act.  Provides various financial incentives for      
   entities to (i) construct new or expand existing  electric  generating      
   facilities  in  Illinois,  (ii)  construct  new  or  upgrade  existing      
   electricity  transmission  lines  in Illinois, and (iii) open new coal      
   mines, reopen closed coal mines, or expand production at existing coal      
   mines in Illinois. Amends the Department  of  Commerce  and  Community      
   Affairs  Law of the Civil Administrative Code of Illinois to authorize      
   DCCA to provide financial assistance to eligible  businesses  for  new      
   electric  generating  facilities.  Amends the Illinois Enterprise Zone      
   Act to designate these businesses as High Impact Businesses eligible        
   for certain tax exemptions. Amends the Renewable Energy, Energy             
   Efficiency, and Coal Resources Development Law of  1997  to  create  a      
   special  Fund  in  the  State  treasury  to support the development of      
   technologies for wind, biomass, and solar power in  Illinois.   Amends      
   the  State  Finance Act to create the Energy Infrastructure Fund to be      
   used pay for bonded indebtedness incurred for bonds  issued,  if  any,      
   for  DCCA  to  provide financial assistance to eligible businesses for      
   new electric generating facilities.   Amends  the  Use  Tax  Act,  the      
   Service  Use  Tax  Act,  the  Service  Occupation  Tax  Act,  and  the      
   Retailers'  Occupation  Tax Act to provide for the distribution for a       
   25-year period into the Energy  Infrastructure  Fund  of  80%  of  net      
   revenue  realized  from the 6.25% general rate on the selling price of      
   Illinois-mined coal sold to an eligible business  for  use  in  a  new      
   electric generating facility.  Amends the Illinois Income Tax Act, the      
   Property  Tax  Code,  and  the Public Utilities Act to provide various      
   financial incentives and make other changes.  Amends the Environmental      
   Protection Act  concerning  emissions  issues.   Amends  the  Illinois      
   Development  Finance  Authority Act to authorize the issuance of bonds      
   for clean coal and energy projects.  Effective July 1, 2001.                
 
Last action on Bill: PUBLIC ACT.............................. 92-0012

   Last action date: JUN-22-2001

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 
                                                                               



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