IllinoisSB2706104th General Assembly (2025–2026)Senate

PROP TX-ENERGY SYSTEMS

Sponsored By: Sally J. Turner (Republican)

In Committee

Summary

Amends the Property Tax Code. In provisions concerning the valuation of wind energy devices, provides that, for taxable year 2026 and thereafter, the real property cost basis is $588,000 per megawatt of nameplate capacity (currently, $360,000 per megawatt of nameplate capacity). In provisions concerning the valuation of solar energy systems, provides that, for taxable year 2026 and thereafter, the real property cost basis is $446,000 per megawatt of nameplate capacity (currently, $218,000 per megawatt of nameplate capacity). Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Sally J. Turner

    Republican • Senate

Cosponsors

  • Chapin Rose

    Republican • Senate

  • Chris Balkema

    Republican • Senate

  • Dave Syverson

    Republican • Senate

  • Terri Bryant

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Chris Balkema

    10/15/2026Senate
  2. Rule 3-9(a) / Re-referred to Assignments

    5/22/2026Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  4. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

    4/24/2026Senate
  5. Rule 2-10 Committee Deadline Established As April 24, 2026

    3/13/2026Senate
  6. Assigned to Revenue

    1/27/2026Senate
  7. Added as Chief Co-Sponsor Sen. Chapin Rose

    10/28/2025Senate
  8. Added as Co-Sponsor Sen. Dave Syverson

    10/27/2025Senate
  9. Added as Chief Co-Sponsor Sen. Terri Bryant

    10/22/2025Senate
  10. Referred to Assignments

    10/14/2025Senate
  11. First Reading

    10/14/2025Senate
  12. Filed with Secretary by Sen. Sally J. Turner

    10/14/2025Senate

Bill Text

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