IL HB5827 | 2023-2024 | 103rd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 8-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

INC TX-DATA CENTERS

Sponsors


History

DateChamberAction
2025-01-07HouseSession Sine Die
2024-05-01HouseAdded Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
2024-05-01HouseAdded Chief Co-Sponsor Rep. Rita Mayfield
2024-05-01HouseAdded Chief Co-Sponsor Rep. Camille Y. Lilly
2024-05-01HouseAdded Chief Co-Sponsor Rep. Kimberly Du Buclet
2024-05-01HouseAdded Co-Sponsor Rep. Dagmara Avelar
2024-05-01HouseAdded Co-Sponsor Rep. Cyril Nichols
2024-05-01HouseAdded Co-Sponsor Rep. Lilian Jiménez
2024-04-30HouseReferred to Rules Committee
2024-04-30HouseFirst Reading
2024-04-29HouseFiled with the Clerk by Rep. Yolonda Morris

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355229Amended CodeCitation Text

Illinois State Sources


Bill Comments

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