EFFICIENT GREEN IL TAX CREDIT Senate SponsorsSen. James F. Clayborne, Jr.-Emil Jones, III, Dale E. Risinger, Michael W. Frerichs and A. J. Wilhelmi House Sponsors(Rep. Arthur L. Turner-Carol A. Sente-Thomas Holbrook, Charles E. Jefferson and Lisa M. Dugan) 1/12/2011SenateSession Sine Die New Act35 ILCS 5/219 newCreates the Efficient and Green Illinois Tax Credit Act. Authorizes the Department of Commerce and Economic Opportunity to award income tax credits based on 25% of the cost of qualifying expenditures for energy efficient projects, such as solar energy equipment, Energy Star certified heat pumps, lighting retrofit projects, and wind equipment. Authorizes the Department to adopt rules. Provides that the credit may be carried forward for up to 5 taxable years. Amends the Illinois Income Tax Act to make conforming changes. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.Senate Committee Amendment No. 1 Provides that the term "energy efficiency project" includes projects related to green roofs and other environmentally sustainable landscaping.Senate Floor Amendment No. 2 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that the term "energy efficiency project" also includes projects related to (i) green roofs and other environmentally sustainable landscaping and (ii) WaterSense certified products for indoor and outdoor non-agricultural water use. Removes language from the introduced bill providing that, for clean energy property that is leased by the taxpayer, "cost" is defined as 8 times the net annual rental rate for the property. Provides that the credit shall be awarded for the taxable year in which the project is put into service (instead of the taxable year in which the expenditure is made). Provides that the Department may not approve more than $40,000,000 in credits under this Act in any one taxable year. Effective immediately. 2/9/2010SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/9/2010SenateFirst Reading 2/9/2010SenateReferred to Assignments 2/10/2010SenateAdded as Chief Co-Sponsor Sen. Emil Jones, III 2/11/2010SenateAdded as Co-Sponsor Sen. Dale E. Risinger 2/16/2010SenateAdded as Co-Sponsor Sen. Michael W. Frerichs 2/24/2010SenateAssigned to Commerce 3/2/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr. 3/2/2010SenateSenate Committee Amendment No. 1 Referred to Assignments 3/3/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Commerce 3/3/2010SenateSenate Committee Amendment No. 1 Adopted 3/4/2010SenateDo Pass as Amended Commerce; 009-000-000 3/4/2010SenatePlaced on Calendar Order of 2nd Reading March 9, 2010 3/12/2010SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. James F. Clayborne, Jr. 3/12/2010SenateSenate Floor Amendment No. 2 Referred to Assignments 3/16/2010SenateSenate Floor Amendment No. 2 Assignments Refers to Commerce 3/16/2010SenateAdded as Co-Sponsor Sen. A. J. Wilhelmi 3/17/2010SenateSenate Floor Amendment No. 2 Recommend Do Adopt Commerce; 009-000-000 3/17/2010SenateSecond Reading 3/17/2010SenateSenate Floor Amendment No. 2 Adopted; Clayborne 3/17/2010SenatePlaced on Calendar Order of 3rd Reading March 18, 2010 3/18/2010SenateThird Reading - Passed; 053-000-000 3/18/2010HouseArrived in House 3/18/2010HouseChief House Sponsor Rep. Arthur L. Turner 3/18/2010HousePlaced on Calendar Order of First Reading 3/18/2010HouseFirst Reading 3/18/2010HouseReferred to Rules Committee 3/19/2010HouseAdded Alternate Co-Sponsor Rep. Charles E. Jefferson 3/23/2010HouseAdded Alternate Chief Co-Sponsor Rep. Carol A. Sente 3/23/2010HouseAdded Alternate Co-Sponsor Rep. Lisa M. Dugan 4/8/2010HouseAssigned to Revenue & Finance Committee 4/12/2010HouseAdded Alternate Chief Co-Sponsor Rep. Thomas Holbrook 4/23/2010HouseRule 19(a) / Re-referred to Rules Committee 1/12/2011SenateSession Sine Die