Bill > HB4929

This bill, titled the Privately-Owned Carbon Capture Device Rebate Act, establishes a rebate program administered by the Illinois Environmental Protection Agency (Agency) to encourage the use of residential carbon capture devices that utilize biological processes, such as microalgae photosynthesis, to remove carbon dioxide from the air. The program aims to improve air quality and combat global warming, aligning with federal environmental goals. To fund these rebates, a 5% user fee will be collected on the sale of these devices, with the revenue deposited into a newly created Privately-Owned Carbon Capture Device Rebate Fund. The bill outlines eligibility criteria for both applicants and devices, prioritizing low-income individuals and families, defined as those with incomes not exceeding 80% of their regional median income. Rebate amounts will vary, with higher percentages available starting in July 2029 and again in July 2032, and an additional 10% for low-income applicants. Purchasers must be Illinois residents, own the device for at least 12 months, and purchase it within the state. The bill also includes provisions for auditing, reimbursement for non-compliance, and grants rulemaking authority to the Agency and the Department of Revenue.

https://www.ilga.gov/Legislation/BillStatus?DocNum=4929&GAID=18&DocTypeID=HB&SessionID=114&GA=104