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HB 1791 Illinois House · 104th Regular Session

PROP TX-ENERGY STORAGE

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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAmends property tax code to reduce valuation of energy storage systems, providing tax relief for commercial entities.90% confidence ✓ EnergySupports EnergyProvides tax incentives for commercial energy storage systems, promoting renewable energy infrastructure adoption by reducing property tax burdens.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2025 Last action Mar 21, 2025
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
4
Mar 21, 2025
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 13, 2025
Lower · Passed
To Property Tax Subcommittee
lower
Feb 25, 2025
Committee
Assigned to Revenue & Finance Committee
lower
Jan 28, 2025
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jay Hoffman
Jay Hoffman
DDemocratic
IL
113