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SB3665 • 2026
INC TAX-ENERGY CHOICE
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
INC TAX-ENERGY CHOICE
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
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Meg Loughran Cappel
Assigned to Revenue
Filed with Secretary by Sen. Christopher Belt
First Reading
Referred to Assignments
INC TAX-ENERGY CHOICE
Illinois General Assembly - Full Text of SB3665 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of SB3665 Home Legislation Full Text SB3665 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 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 1 AN ACT concerning revenue. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Income Tax Act is amended by 5 adding Section 246 as follows: 6 (35 ILCS 5/246 new) 7 Sec. 246. Credit to support Illinois energy choice and 8 workforce retention. 9 (a) For taxable years ending on or after December 31, 2026 10 and ending on or before December 31, 2030, each qualified 11 taxpayer may apply to the Department for a credit against the 12 tax imposed by subsections (a) and (b) of Section 201 of this 13 Act in an amount equal to 20% of the wages paid by the 14 qualified taxpayer to a qualified energy choice worker based 15 in Illinois in the taxable year. In no event shall a taxpayer 16 receive a credit of more than $2,000 per employee in any 17 taxable year. No taxpayer may claim a credit for more than 50 18 employees in any taxable year. 19 (b) In order to be eligible for a tax credit under this 20 Section, a taxpayer must (i) be a regulated utility in the 21 State of Illinois or a power generating company providing 22 baseload or intermediate generation in Illinois, (ii) be 23 subject to the provisions of Public Act 102-662, and (iii) be SB3665 - 2 - LRB104 18872 HLH 32317 b 1 able to demonstrate an adverse and material operational impact 2 to either its overall Illinois-based workforce or its ability 3 to conduct business in Illinois based on the scheduled 4 phaseout target dates of 2030, 2035, 2040, and 2045 contained 5 in Public Act 102-662 on the qualified taxpayer's generational 6 units in Illinois. 7 (c) In no event shall a credit under this Section reduce 8 the taxpayer's liability to less than zero. If the amount of 9 the tax credit exceeds the tax liability for the year, the 10 excess may be carried forward and applied to the tax liability 11 of the 5 taxable years following the excess credit year. The 12 credit must be applied to the earliest year for which there is 13 a tax liability. If there are credits from more than one tax 14 year that are available to offset a liability, then the 15 earlier credit must be applied first. 16 (d) The total aggregate amount of credits awarded under 17 this Section shall not exceed $25,000,000 in any State fiscal 18 year. 19 (e) The Department, in consultation with the Department of 20 Commerce and Economic Opportunity, the Illinois Power Agency, 21 the Illinois Commerce Commission, the Illinois Environmental 22 Protection Agency, and any other State agency deemed 23 necessary, may adopt rules in order to implement and 24 administer the provisions of this Section. 25 (f) As used in this Section: 26 "Qualified energy choice worker" means an employee of a SB3665 - 3 - LRB104 18872 HLH 32317 b 1 qualified taxpayer who is employed and working in Illinois and 2 who is directly employed at the qualified taxpayer's 3 generational unit in Illinois. 4 "Qualified taxpayer" means an employer operating in 5 Illinois that is (i) either a regulated utility in the State of 6 Illinois or a power generating company providing baseload or 7 intermediate generation in Illinois, (ii) subject to the 8 provisions of Public Act 102-662, and (iii) able to 9 demonstrate an adverse and material operational impact to 10 either its overall Illinois-based workforce or its ability to 11 conduct business in Illinois based on the scheduled phaseout 12 target dates of 2030, 2035, 2040, and 2045, as provided in 13 Public Act 102-662, on the qualified taxpayer's generational 14 units in Illinois. 15 Section 99. Effective date. This Act takes effect upon 16 becoming law. Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn