Amends the Public Utilities Act. Removes provisions prohibiting the construction of new nuclear power reactors with a nameplate capacity of more than 300 megawatts of electricity to be located within the State until the Illinois Emergency Management Agency and Office of Homeland Security finds that the United States Government has identified and approved a demonstrable technology or means for the disposal of high level nuclear waste.
Amends the Public Utilities Act. In provisions regarding a certificate of public convenience and necessity, makes changes to the limitations on the construction of a nuclear power reactor. Provides that, beginning January 1, 2026, construction may commence on an advanced nuclear reactor (rather than a new nuclear power reactor with a nameplate capacity of 300 megawatts of electricity or less) within the State under specified conditions. Defines "advanced nuclear reactor". Makes other changes.
Amends the Renewable Energy Production District Act. Changes the definition of "renewable energy facility" to include, among other things, small modular reactors. Defines "small modular reactor". Effective immediately.
Amends the Public Utilities Act. In provisions regarding a certificate of public convenience and necessity, makes changes to the limitations on the construction of a nuclear power reactor. Provides that, beginning January 1, 2026, construction may commence on an advanced nuclear reactor (rather than a new nuclear power reactor with a nameplate capacity of 300 megawatts of electricity or less) within the State under specified conditions. Defines "advanced nuclear reactor". Makes other changes.
Amends the Public Utilities Act. Removes provisions prohibiting the construction of new nuclear power reactors with a nameplate capacity of more than 300 megawatts of electricity to be located within the State until the Illinois Emergency Management Agency and Office of Homeland Security finds that the United States Government has identified and approved a demonstrable technology or means for the disposal of high level nuclear waste.
Amends the Public Utilities Act. Provides that applicable State agencies shall take final action on an application for a new small modular nuclear reactor within 150 days after the application is determined or considered to be complete. Provides that an applicable State agency may extend the final action time period for no more than an additional 150 days for good cause. Provides that, if an applicable State agency fails to take final action on an application within the initial 150-day time period and the time period is not extended, the application shall be considered approved by the State agency. Provides that, if the time period is extended and an applicable State agency fails to take final action on an application within the extended time period, the application shall be considered approved by the State agency. Effective immediately.
Provides that the amendatory Act may be referred to as the Fast-Track Nuclear Now Act. Amends the Public Utilities Act. Removes prohibitions on the construction of a new nuclear power reactor with a nameplate capacity of more than 300 megawatts of electricity that is located within the State. Amends the Illinois Nuclear Facility Safety Act. Provides that it is declared to be the policy of the State to facilitate new nuclear facility construction. Makes a conforming change. Provides that the Illinois Emergency Management Agency and Office of Homeland Security shall work with any proposed project, the federal Nuclear Regulatory Commission, and any relevant State agency to reduce regulatory barriers to new nuclear facility construction.
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers that make an investment in the manufacture of a small modular nuclear reactor in the State during the taxable year. Provides that the amount of the credit is 20% of the amount of that investment. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that tangible personal property purchased for use in the construction or operation of a small modular nuclear reactor in the State is exempt from taxation under those Act. Effective immediately.
Provides that the amendatory Act may be referred to as the Fast-Track Nuclear Now Act. Amends the Public Utilities Act. Removes prohibitions on the construction of a new nuclear power reactor with a nameplate capacity of more than 300 megawatts of electricity that is located within the State. Amends the Illinois Nuclear Facility Safety Act. Provides that it is declared to be the policy of the State to facilitate new nuclear facility construction. Makes a conforming change. Provides that the Illinois Emergency Management Agency and Office of Homeland Security shall work with any proposed project, the federal Nuclear Regulatory Commission, and any relevant State agency to reduce regulatory barriers to new nuclear facility construction. Effective immediately.
Amends the Public Utilities Act. Removes provisions prohibiting the construction of new nuclear power reactors with a nameplate capacity of more than 300 megawatts of electricity to be located within the State until the Illinois Emergency Management Agency and Office of Homeland Security finds that the United States Government has identified and approved a demonstrable technology or means for the disposal of high level nuclear waste.