summary
Introduced
02/04/2025
02/04/2025
In Committee
06/02/2025
06/02/2025
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
104th General Assembly
Bill Summary
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that leases of solar energy systems are exempt from the taxes imposed under the Acts.
AI Summary
This bill amends four tax-related acts in Illinois to provide a tax exemption for solar energy system leases. Specifically, the bill adds solar energy systems, as defined in the Property Tax Code, to the list of exemptions in the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act. The exemption means that leases of solar energy systems will not be subject to state sales and use taxes, which could help make solar energy equipment more affordable for consumers and businesses. The exemption is set to take effect on January 1, 2025, and applies to leases of solar energy systems by lessees. By reducing the tax burden on solar energy equipment, the bill aims to potentially encourage greater adoption of solar technology in the state.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments (on 06/02/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1633&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| Senate Amendment 001 | https://www.ilga.gov/legislation/104/SB/10400SB1633sam001.htm |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB1633.htm |
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