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SB0227 - 104th General Assembly
INC TX-DATA CENTERS
Last Action
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, if a taxpayer is awarded a credit by the Department of Commerce and Economic Opportunity in connection with a qualifying Illinois data center located in a qualified area or a data center developed by a minority-owned business, a women-owned business, or a business owned a person with a disability, then the taxpayer is entitled to an additional income tax credit in an amount equal to 5% of the taxpayer's investment in qualified tangible personal property used in the construction or operation of that data center. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/22/2025 | Senate | Filed with Secretary by Sen. Lakesia Collins |
| 1/22/2025 | Senate | First Reading |
| 1/22/2025 | Senate | Referred to Assignments |
| 2/26/2025 | Senate | Added as Chief Co-Sponsor Sen. Napoleon Harris, III |
| 2/27/2025 | Senate | Added as Chief Co-Sponsor Sen. Elgie R. Sims, Jr. |