HB1791 - 104th General Assembly

PROP TX-ENERGY STORAGE
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Jay Hoffman
Statutes Amended In Order of Appearance
35 ILCS 200/10-960 new
Synopsis As Introduced
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.
Actions
Date Chamber Action
1/27/2025 House Filed with the Clerk by Rep. Jay Hoffman
1/28/2025 House First Reading
1/28/2025 House Referred to Rules Committee
2/25/2025 House Assigned to Revenue & Finance Committee
3/13/2025 House To Property Tax Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee