Bill Status of SB 3939   103rd General Assembly


Short Description:  INC TX-DATA CENTERS

Senate Sponsors
Sen. Lakesia Collins

Last Action  View All Actions

DateChamber Action
  5/1/2024SenateReferred to Assignments

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
  5/1/2024SenateFiled with Secretary by Sen. Lakesia Collins
  5/1/2024SenateFirst Reading
  5/1/2024SenateReferred to Assignments

Back To Top