Illinois General Assembly - Bill Status for HB3565

Revenue & Finance Committee Hearing Mar 20 2025 8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Revenue & Finance Committee Hearing Mar 20 2025 2:00PM Stratton Building Room D-1 Springfield, IL
Income Tax Subcommittee Hearing Mar 20 2025 8:02AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Income Tax Subcommittee Hearing Mar 20 2025 2:02PM Stratton Building Room D-1 Springfield, IL

Last Action

Date	Chamber	Action
3/13/2025	House	To Income Tax Subcommittee

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 an opportunity zone 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
2/7/2025	House	Filed with the Clerk by Rep. Justin Slaughter
2/18/2025	House	First Reading
2/18/2025	House	Referred to Rules Committee
3/7/2025	House	Added Chief Co-Sponsor Rep. Kimberly Du Buclet
3/11/2025	House	Assigned to Revenue & Finance Committee
3/13/2025	House	To Income Tax Subcommittee
3/17/2025	House	Added Co-Sponsor Rep. Rita Mayfield

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