PROP TX-ENERGY STORAGE House SponsorsRep. Jay Hoffman 1/7/2025HouseSession Sine Die 35 ILCS 200/Art. 10 Div. 22 heading new35 ILCS 200/10-920 new35 ILCS 200/10-925 new35 ILCS 200/10-935 new35 ILCS 200/10-940 new35 ILCS 200/10-945 new35 ILCS 200/10-950 new35 ILCS 200/10-955 new35 ILCS 200/10-960 new 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. 10/10/2024HouseFiled with the Clerk by Rep. Jay Hoffman 11/12/2024HouseFirst Reading 11/12/2024HouseReferred to Rules Committee 1/7/2025HouseSession Sine Die