Illinois General Assembly - Bill Status for SB3939

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
5/1/2024	Senate	Filed with Secretary by Sen. Lakesia Collins
5/1/2024	Senate	First Reading
5/1/2024	Senate	Referred to Assignments

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