INTRODUCED LEGISLATION
Listing of Chemicals of High Concern
This measure, HB 5338 (May, D-Highland Park), provides that by July 1, 2010, the Department of Public Health, after consultation with the IEPA, generate a list of chemicals of high concern and priority chemicals that are in children’s consumer products. The bill also authorizes the Director of the IEPA to accept donations, grants, and other funds in order to generate this list. It also allows the state to cooperate with other states in an interstate chemicals clearinghouse regarding chemicals in children’s consumer products.
Energy Efficiency Tax Credits
This bill, HB 5380 (Holbrook, B-Belleville), creates the Efficient and Green Illinois Tax Credit Act, authorizing the Department of Commerce and Economic Opportunity (DCEO) to award income tax credits based on 25% of the cost of qualifying expenditures for energy efficient projects, such as solar energy equipment, Energy Star certified heat pumps, lighting retrofit projects, and wind equipment. The bill also allows the credit to be carried forward for up to 5 taxable years.
EDGE Tax Credit – Employment Levels
This proposal, HB 5470 (Farnham, D-Elgin), amends the Economic Development for a Growing Economy (EDGE) Tax Credit Act, requiring tax credit agreements between the DCEO and applicants to contain a provision requiring the applicant to maintain, beyond the period during which it receives the EDGE tax credit, employment payrolls at an agreed upon level. If employment payrolls are not maintained at that level for the specified term, then the taxpayer must pay an administrative penalty to the DCEO and will not, until having paid that penalty, be eligible for credits against obligations imposed by the Illinois Income Tax Act.
Manufacturing Jobs Tax Credits
This piece of legislation, HB 5209 (Brady, R-Bloomington), creates the Manufacturing Job Destination Tax Credit Act, providing for a credit of 25% of the Illinois labor expenditures made by a manufacturing company in order to foster job creation and retention, meeting certain labor expenditure requirements.
Water Loans
This measure, HB 5226 (Holbrook, D-Belleville), amends the Environmental Protection Act, authorizing funds in 2 of the 3 special programs in the Water Revolving Fund to be used to make direct loans and provide subsidies for certain specified purposes and authorizes funds in the Loan Support Program to be used to finance water pollution control projects. The bill also authorizes funds in Public Water Supply Loan Program to be used to make direct loans and provide subsidies to eligible local government units and privately owned community water supplies for certain purposes.
Climate Change Accountability
This proposal, HB 5180 (Winters, R-Shirland), creates the Climate Accountability Act, requiring state agencies to provide certain information before making an expenditure intended to reduce greenhouse gas emissions. To accomplish this, DCEO is required to regularly conduct audits to ensure that climate expenditure contractors are meeting certain standards and penalties may be imposed against them if those standards are not met, possibly jeopardizing funding for climate expenditures.
Enterprise Zone Tax Credits
This bill, HB 5199 (Cavaletto, R-Mt. Vernon), increases the jobs tax credit for a trade or business located in an enterprise zone to $2,500 for each eligible employee hired to work in the enterprise zone. This credit is currently only $500.
Green Services and Products Tax Credit
This legislation, HB 5028 (Sente, D-Vernon Hills), creates a green services and products tax credit equal to 6 1/2% of the increased income over the prior tax year received from the provision of green services and the production of green products. This credit may also be carried forward for 5 years. |