Loading
Loading
Your feedback directly shapes Sporos.
Sign in to track your feedback history
Amends the Property Tax Code. In provisions concerning the valuation of wind energy devices, provides that, for taxable year 2026 and thereafter, the real property cost basis is $588,000 per megawatt of nameplate capacity (currently, $360,000 per megawatt of nameplate capacity). In provisions concerning the valuation of solar energy systems, provides that, for taxable year 2026 and thereafter, the real property cost basis is $446,000 per megawatt of nameplate capacity (currently, $218,000 per megawatt of nameplate capacity). Effective immediately.
Introduced
Oct 14, 2025
Last Action
Mar 13, 2026
Session
IL 104th
Sponsors
1 primary · 3 co
Rule 2-10 Committee Deadline Established As April 24, 2026
Assigned to Revenue
Added as Chief Co-Sponsor Sen. Chapin Rose
Added as Co-Sponsor Sen. Dave Syverson
Added as Chief Co-Sponsor Sen. Terri Bryant
Filed with Secretary by Sen. Sally J. Turner
Referred to Assignments
First Reading
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 2-10 Committee Deadline Established As April 24, 2026
Sally J. Turner