Amends the Illinois Power Agency Act. Provides that, for periods beginning on and after June 1, 2014, the Agency's procurement plans shall include procurement of renewable energy credits in amounts projected to be sufficient to meet certain renewable energy resources portfolio standards. Requires the Agency to use the Illinois Power Agency Renewable Energy Resources Fund, until depleted, to procure renewable energy credits for specified purposes, and terminates the Fund upon depletion of all its funds. Provides that the Planning and Procurement Bureau shall develop procurement plans and conduct competitive procurement processes for the procurement of renewable energy credits with respect to the kilowatthour usage of delivery services non-eligible retail customers in such electric utilities' service areas. Makes changes with regard to the renewable portfolio standard. Amends the Public Utilities Act. Provides that charges for delivery services shall also include the recovery of the electric utility's costs of renewable energy credits and excluded renewable energy resources contract costs. Requires certain electric utilities to procure renewable energy credits with respect to the kilowatthour usage of delivery services non-eligible retail customers in the electric utility's service area. Provides that the obligations of alternative retail electric suppliers and electric utilities operating outside their service territories to procure renewable energy resources, make alternative compliance payments, and file annual reports, and the obligations of the Commission to determine and post alternative compliance payment rates, shall terminate effective May 31, 2014. Makes other changes. Effective immediately.
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Creates the Illinois Rehabilitation and Revitalization Tax Credit Act. Creates a credit against taxes imposed under the Illinois Income Tax Act and the Illinois Insurance Code in an aggregate amount equal to 20% of qualified expenditures incurred by a qualified taxpayer pursuant to a qualified rehabilitation plan on a qualified structure, provided that the total amount of such qualified expenditures exceeds the greater of $5,000 or the adjusted basis of the property. Provides that credits may be carried forward for a period of 5 years, or carried back for a period of one year. Provides that credits awarded for each qualified rehabilitation project shall be limited to a maximum of $3,000,000. Provides that credits may be assigned or transferred. Effective January 1, 2015.
Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the short title.
Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the short title.
Amends the Illinois Affordable Housing Act. Makes a technical change in a Section concerning legislative findings and declarations.
Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the short title.
Amends the Property Tax Code. Makes a technical change in a Section concerning the Property Tax Appeal Board.
Amends the Local Solid Waste Disposal Act. Makes a technical change in a Section concerning the Act's short title.
Amends the Firearm Owners Identification Card Act. Provides that the Department of State Police may not retain, copy, or distribute any information previously collected under the provisions concerning the transfer of firearms, stun guns, and tasers. Provides that the Department shall destroy all records of the dial up telephone system with respect to the call, other than the identifying number and the date the number was assigned, and all records of the system relating to the person or the transfer, within 31 days after the call. Provides that if the transfer of a firearm is denied by the Department of State Police, the Department may keep the records of a denial until the denial is appealed and overturned, or as long as necessary for a criminal prosecution. Defines "transfer". Effective immediately.
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, for any motor vehicle that is sold on or after January 1, 2014 for the purpose of leasing the vehicle for a period of longer than one year, "selling price" or "amount of sale" shall be based on the consideration paid by the lessee pursuant to the lease contract, but does not include the value of or credit given for traded-in tangible personal property owned by the lessee where the trade-in value of the property is assigned by the lessee to the lessor and where the property that is traded-in is of like kind and character to the vehicle that is being sold. Provides that the selling price of a motor vehicle that is sold on or after January 1, 2014 for the purpose of leasing the vehicle for a period of longer than one year shall not be reduced by the value of or credit given for traded-in tangible personal property owned by the lessor. Provides that the sale occurs at the time of the delivery of the vehicle, regardless of the due date of any of the lease payments. Effective January 1, 2014.