Illinois Senate passes Medicare, tax zone legislation SPRINGFIELD — Capping off a slow legislative week as the General Assembly grapples with drawing redistricting maps, the state budget for the upcoming fiscal year and massive energy overhaul legislation, the Senate passed 14 bills Thursday, most of them unanimously. Senate Bill 1747, introduced by Grayslake Democratic Sen.
Illinois Senate passes Medicare, tax zone legislation
SPRINGFIELD — Capping off a slow legislative week as the General Assembly grapples with drawing redistricting maps, the state budget for the upcoming fiscal year and massive energy overhaul legislation, the Senate passed 14 bills Thursday, most of them unanimously.
Senate Bill 1747, introduced by Grayslake Democratic Sen. Melinda Bush as the Illinois Energy Transition Zone Act, creates tax advantaged districts to incentivize “green energy enterprises” in areas previously reliant on coal and nuclear energy.
“To protect our environment and stop global warming, we need to close coal plants — that’s not up for debate,” Bush said in a statement released Thursday. “But, as we make strides toward green energy, we can’t forget about the families who rely on these plants to put food on the table or the communities that need their tax dollars to function.”
Bush
Areas that contained a coal or nuclear energy plant, coal mine, or nuclear waste storage facility are eligible to become one of these energy transition zones.
Companies involved in the production of green energy, defined in the statute as solar, wind, water, geothermal, bioenergy or hydrogen fuel, qualify as businesses that can benefit from the zones. These businesses gain a number of tax advantages from working in these areas, including exemption from state and local taxes on gas and electricity, as well as being exempt from use and occupation taxes when they purchase buildings in the zone for energy production.
The bill was one of the few which saw opposition Thursday, passing 46-11. It will head to the House.
Gov. J.B. Pritzker announces that the Lion Electric Co., a Canadian EV truck manufacturer, plans to build a $70 million factory in Joliet to produce up to 20,000 electric trucks and buses a year and create at least 745 jobs over the next three years.
The Senate also passed Senate Bill 147, amending the state’s insurance code regarding the subject of Medicare. The legislation would create a new Medicare enrollment period for Illinois residents between ages 65 and 75, coinciding with their birthday.
Each year, residents will be entitled to an open enrollment period of 45 days starting on their birthday that allows them to buy a Medicare supplement policy with equal or less benefits than their current Medicare plan.
During this enrollment period, companies that offer those supplemental policies would be unable to deny or change the pricing of coverage due to health status, previous claims or medical conditions. Those companies also would be required to give notice of this enrollment period annually to policy holders, overseen by the Illinois Department of Insurance.
The measure passed 54-0 and will head to the House for further consideration.
Other bills passed by the Senate included legislation affecting home-ownership insurance and vicious dogs, life insurance and debris from demolished buildings.
The most affordable states to buy a house in 2021
The most affordable states to buy a house in 2021
Why do people choose to live where they do? Affordability is a major factor.
Using U.S. Census data, Rocket Homes released a list of the most affordable states to buy a home in 2021. It based rankings on the most recently available data for median home values, median household incomes, and what percentage of their monthly incomes homeowners with mortgages spend on housing costs.
1. Indiana
Indiana population: 6,732,219
Median household income: $57,603
Median home value: $156,000
Source: U.S. Census data, compiled by Rocket Homes
2. Iowa
Iowa population: 3,155,070
Median household income: $61,691
Median home value: $158,900
Source: U.S. Census data, compiled by Rocket Homes
3. Ohio
Ohio population: 11,689,100
Median household income: $58,642
Median home value: $157,200
Source: U.S. Census data, compiled by Rocket Homes
4. West Virginia
West Virginia population: 1,792,147
Median household income: $48,850
Median home value: $124,600
Source: U.S. Census data, compiled by Rocket Homes
5. Michigan
Michigan population: 9,986,857
Median household income: $59,584
Median home value: $169,600
Source: U.S. Census data, compiled by Rocket Homes
6. Wyoming
Wyoming population: 578,759
Median household income: $65,003
Median home value: $235,200
Source: U.S. Census data, compiled by Rocket Homes
7. Wisconsin
Wisconsin population: 5,822,434
Median household income: $64,168
Median home value: $197,200
Source: U.S. Census data, compiled by Rocket Homes
8. Missouri
Missouri population: 6,137,428
Median household income: $57,409
Median home value: $168,000
Source: U.S. Census data, compiled by Rocket Homes
9. North Dakota
North Dakota population: 762,062
Median household income: $64,577
Median home value: $205,400
Source: U.S. Census data, compiled by Rocket Homes
10. South Carolina
South Carolina population: 5,148,714
Median household income: $56,227
Median home value: $179,800
Source: U.S. Census data, compiled by Rocket Homes
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