Illinois legislation · 104th General Assembly
Illinois SB2706: PROP TX-ENERGY SYSTEMS
Status: Introduced, October 15, 2026
Amends the Property Tax Code. In provisions concerning the valuation of wind energy devices, provides that, for taxable year 2026 and thereafter, the real property cost basis is $588,000 per megawatt of nameplate capacity (currently, $360,000 per megawatt of nameplate capacity). In provisions concerning the valuation of solar energy systems, provides that, for taxable year 2026 and thereafter, the real property cost basis is $446,000 per megawatt of nameplate capacity (currently, $218,000 per megawatt of nameplate capacity). Effective immediately.
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB2706Introduced 10/14/2025, by Sen. Sally J. TurnerSYNOPSIS AS INTRODUCED: ILCS 200/10-60035 ILCS 200/10-720 35 ILCS 200/10-600 35 ILCS 200/10-720 ILCS 200/10-600 ILCS 200/10-720 Amends the Property Tax Code. In provisions concerning the valuationof wind energy devices, provides that, for taxable year 2026 andthereafter, the real property cost basis is $588,000 per megawatt ofnameplate capacity (currently, $360,000 per megawatt of nameplatecapacity)…
From the introduced text, October 14, 2025:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB2706Introduced 10/14/2025, by Sen. Sally J. TurnerSYNOPSIS AS INTRODUCED: ILCS 200/10-60035 ILCS 200/10-720 35 ILCS 200/10-600 35 ILCS 200/10-720 ILCS 200/10-600 ILCS 200/10-720 Amends the Property Tax Code. In provisions concerning the valuationof wind energy devices, provides that, for taxable year 2026 andthereafter, the real property cost basis is $588,000 per megawatt ofnameplate capacity (currently, $360,000 per megawatt of nameplatecapacity). In provisions concerning the valuation of solar energy systems,provides that, for taxable year 2026 and thereafter, the real propertycost basis is $446,000 per megawatt of nameplate capacity (currently,$218,000 per megawatt of nameplate capacity). Effective immediately. LRB104 15663 HLH 28835 b LRB104 15663 HLH 28835 b LRB104 15663 HLH 28835 b A BILL FOR SB2706LRB104 15663 HLH 28835 b SB2706 LRB104 15663 HLH 28835 b SB2706 LRB104 15663 HLH 28835 b AN ACT concerning revenue. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5.The Property Tax Code is amended by changing Sections 10-600 and 10-720 as follows: (35 ILCS 200/10-600) Sec. 10-600.Definitions.For the purposes of this Division 18: "Wind energy device" means any device, with a nameplate capacity of at least 0.5 megawatts, that is used in the process of converting kinetic energy from the wind to generate electric power for …
Sponsors
- Sally J. Turner (R, 44) · primary sponsor
- Terri Bryant (R, 58)
- Chapin Rose (R, 51)
- Dave Syverson (R, 35)
- Chris Balkema (R, 53)
Latest actions
- : Added as Co-Sponsor Sen. Chris Balkema
- : Rule 3-9(a) / Re-referred to Assignments
- : Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
- : Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
- : Rule 2-10 Committee Deadline Established As April 24, 2026
- : Assigned to Revenue
- : Added as Chief Co-Sponsor Sen. Chapin Rose
- : Added as Co-Sponsor Sen. Dave Syverson
- : Added as Chief Co-Sponsor Sen. Terri Bryant
- : Referred to Assignments
Subjects: ILCS 35 - Revenue
Common questions
- What is SB2706?
- SB2706 is a bill in the Illinois Legislature (104th General Assembly): PROP TX-ENERGY SYSTEMS.
- What does SB2706 do?
- In its own words: A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB2706Introduced 10/14/2025, by Sen. Sally J. TurnerSYNOPSIS AS INTRODUCED: ILCS 200/10-60035 ILCS 200/10-720 35 ILCS 200/10-600 35 ILCS 200/10-720 ILCS 200/10-600 ILCS 200/10-720 Amends the Property Tax Code. In provisions concerning the valuationof wind energy devices, provides that, for taxable year 2026 andthereafter, the real property cost basis is $588,000 per megawatt ofnameplate capacity (currently, $360,000 per megawatt of nameplatecapacity)…
- What is the status of SB2706?
- Introduced as of October 15, 2026. Latest action: Added as Co-Sponsor Sen. Chris Balkema (October 15, 2026).
- Who sponsored SB2706?
- Sally J. Turner (R, 44), with 4 co-sponsors.
- Where is the official record for SB2706?
- On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=2706&GAID=18&DocTypeID=SB&SessionID=114
Source: official Illinois record. Tracked by Delilah, AI for legislation across all 50 states and Congress.