Bill Status of HB 5827   103rd General Assembly

Short Description:  INC TX-DATA CENTERS

House Sponsors
Rep. Yolonda Morris-Kimberly Du Buclet-Camille Y. Lilly-Rita Mayfield-Marcus C. Evans, Jr., Lilian Jiménez, Cyril Nichols and Dagmara Avelar

Last Action  View All Actions

DateChamber Action
  4/30/2024HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/229

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 
DateChamber Action
  4/29/2024HouseFiled with the Clerk by Rep. Yolonda Morris
  4/30/2024HouseFirst Reading
  4/30/2024HouseReferred to Rules Committee
  5/1/2024HouseAdded Co-Sponsor Rep. Lilian Jiménez
  5/1/2024HouseAdded Co-Sponsor Rep. Cyril Nichols
  5/1/2024HouseAdded Co-Sponsor Rep. Dagmara Avelar
  5/1/2024HouseAdded Chief Co-Sponsor Rep. Kimberly Du Buclet
  5/1/2024HouseAdded Chief Co-Sponsor Rep. Camille Y. Lilly
  5/1/2024HouseAdded Chief Co-Sponsor Rep. Rita Mayfield
  5/1/2024HouseAdded Chief Co-Sponsor Rep. Marcus C. Evans, Jr.

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