IllinoisHB1791104th General Assembly (2025–2026)House

PROP TX-ENERGY STORAGE

Sponsored By: Jay Hoffman (Democratic)

In Committee

Summary

Amends the Property Tax Code. Provides that the fair cash value of commercial energy storage system improvements in counties with fewer than 3,000,000 inhabitants shall be determined by subtracting the allowance for physical depreciation from the commercial energy storage system trended real property cost basis. Provides that those commercial energy storage systems are not subject to equalization factors applied by the Department of Revenue or by any board of review, assessor, or chief county assessment officer. Provides that the owner of the commercial energy storage system shall commission a metes and bounds survey description of the land upon which the commercial energy storage system is located. Contains other provisions concerning the assessment of commercial energy storage systems. Effective immediately.

revenue & finance

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jay Hoffman

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. To Property Tax Subcommittee

    3/13/2025House
  3. Assigned to Revenue & Finance Committee

    2/25/2025House
  4. Referred to Rules Committee

    1/28/2025House
  5. First Reading

    1/28/2025House
  6. Filed with the Clerk by Rep. Jay Hoffman

    1/27/2025House

Bill Text

Related Bills

Back to State Legislation