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SB 3665

Illinois SenateIn Senate Committee

Summary

SB 3665, “INC TAX-ENERGY CHOICE”, was introduced in the Senate on Feb 5, 2026 by Sen. Christopher Belt (D) with 2 co-sponsors. It was referred to Assignments, and last saw action on May 22, 2026: Rule 3-9(a) / Re-referred to Assignments.


Record

Text

SB 3665 has 2 co-sponsors.

sb3665/introduced.txt
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Full Text of SB3665
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SB3665 - 104th General Assembly
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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB3665
Introduced 2/5/2026, by Sen. Christopher Belt
SYNOPSIS AS INTRODUCED:
35 ILCS 5/246 new
Amends the Illinois Income Tax Act. Provides that a qualified taxpayer may apply to the Department of Revenue for an income tax credit in an amount equal to 20% of the wages paid by the qualified taxpayer to a qualified energy choice worker based in Illinois in the taxable year. Provides that the term "qualified taxpayer" means a taxpayer that is a regulated utility in the State of Illinois or a power generating company providing baseload or intermediate generation in Illinois and that meets specified criteria and is able to demonstrate an adverse and material operational impact to either its overall Illinois-based workforce or its ability to conduct business in Illinois based on the scheduled phaseout target dates of 2030, 2035, 2040, and 2045, as provided in Public Act 102-662. Sets forth limitations on the amount of the credit. Effective immediately.
LRB104 18872 HLH 32317 b
A BILL FOR
SB3665 LRB104 18872 HLH 32317 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Income Tax Act is amended by
adding Section 246 as follows:
(35 ILCS 5/246 new)
Sec. 246. Credit to support Illinois energy choice and
workforce retention.
(a) For taxable years ending on or after December 31, 2026
and ending on or before December 31, 2030, each qualified
taxpayer may apply to the Department for a credit against the
tax imposed by subsections (a) and (b) of Section 201 of this
Act in an amount equal to 20% of the wages paid by the
qualified taxpayer to a qualified energy choice worker based
in Illinois in the taxable year. In no event shall a taxpayer
receive a credit of more than $2,000 per employee in any
taxable year. No taxpayer may claim a credit for more than 50
employees in any taxable year.
(b) In order to be eligible for a tax credit under this
Section, a taxpayer must (i) be a regulated utility in the
State of Illinois or a power generating company providing
baseload or intermediate generation in Illinois, (ii) be
subject to the provisions of Public Act 102-662, and (iii) be
SB3665 - 2 - LRB104 18872 HLH 32317 b
able to demonstrate an adverse and material operational impact
to either its overall Illinois-based workforce or its ability
to conduct business in Illinois based on the scheduled
phaseout target dates of 2030, 2035, 2040, and 2045 contained
in Public Act 102-662 on the qualified taxpayer's generational
units in Illinois.
(c) In no event shall a credit under this Section reduce
the taxpayer's liability to less than zero. If the amount of
the tax credit exceeds the tax liability for the year, the
excess may be carried forward and applied to the tax liability
of the 5 taxable years following the excess credit year. The
credit must be applied to the earliest year for which there is
a tax liability. If there are credits from more than one tax
year that are available to offset a liability, then the
earlier credit must be applied first.
(d) The total aggregate amount of credits awarded under
this Section shall not exceed $25,000,000 in any State fiscal
year.
(e) The Department, in consultation with the Department of
Commerce and Economic Opportunity, the Illinois Power Agency,
the Illinois Commerce Commission, the Illinois Environmental
Protection Agency, and any other State agency deemed
necessary, may adopt rules in order to implement and
administer the provisions of this Section.
(f) As used in this Section:
"Qualified energy choice worker" means an employee of a
SB3665 - 3 - LRB104 18872 HLH 32317 b
qualified taxpayer who is employed and working in Illinois and
who is directly employed at the qualified taxpayer's
generational unit in Illinois.
"Qualified taxpayer" means an employer operating in
Illinois that is (i) either a regulated utility in the State of
Illinois or a power generating company providing baseload or
intermediate generation in Illinois, (ii) subject to the
provisions of Public Act 102-662, and (iii) able to
demonstrate an adverse and material operational impact to
either its overall Illinois-based workforce or its ability to
conduct business in Illinois based on the scheduled phaseout
target dates of 2030, 2035, 2040, and 2045, as provided in
Public Act 102-662, on the qualified taxpayer's generational
units in Illinois.
Section 99. Effective date. This Act takes effect upon
becoming law.

Amends the Illinois Income Tax Act. Provides that a qualified taxpayer may apply to the Department of Revenue for an income tax credit in an amount equal to 20% of the wages paid by the qualified taxpayer to a qualified energy choice worker based in Illinois in the taxable year. Provides that the term "qualified taxpayer" means a taxpayer that is a regulated utility in the State of Illinois or a power generating company providing baseload or intermediate generation in Illinois and that meets specified criteria and is able to demonstrate an adverse and material operational impact to either its overall Illinois-based workforce or its ability to conduct business in Illinois based on the scheduled phaseout target dates of 2030, 2035, 2040, and 2045, as provided in Public Act 102-662. Sets forth limitations on the amount of the credit. Effective immediately.

Sponsors

Sen. Christopher Belt (D) sponsors SB 3665, and 2 members have co-sponsored it.

Committees

SB 3665 went before 2 committees: Assignments and Revenue.

Assignments
Assignments
Referred to · Feb 5, 2026
Revenue
Revenue
Referred to · Feb 17, 2026

History

SB 3665 has taken 10 actions since Feb 5, 2026, the latest on May 22, 2026.

ChamberAction
May 22, 2026
Senate
Rule 3-9(a) / Re-referred to Assignments
May 15, 2026
Senate
Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
Apr 24, 2026
Senate
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
Mar 13, 2026
Senate
Rule 2-10 Committee Deadline Established As April 24, 2026
Mar 4, 2026
Senate
Added as Co-Sponsor Sen. Chris Balkema

Votes

SB 3665 has not gone to a roll call.


Source: ilga.gov · legiscan.com