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]
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.
Title
INC TX-DATA CENTERS
Sponsors
Rep. Yolanda Morris [D] | Rep. Kimberly Du Buclet [D] | Rep. Camille Lilly [D] | Rep. Rita Mayfield [D] |
Rep. Marcus Evans [D] | Rep. Lilian Jimenez [D] | Rep. Cyril Nichols [D] | Rep. Dagmara Avelar [D] |
History
Date | Chamber | Action |
---|---|---|
2025-01-07 | House | Session Sine Die |
2024-05-01 | House | Added Chief Co-Sponsor Rep. Marcus C. Evans, Jr. |
2024-05-01 | House | Added Chief Co-Sponsor Rep. Rita Mayfield |
2024-05-01 | House | Added Chief Co-Sponsor Rep. Camille Y. Lilly |
2024-05-01 | House | Added Chief Co-Sponsor Rep. Kimberly Du Buclet |
2024-05-01 | House | Added Co-Sponsor Rep. Dagmara Avelar |
2024-05-01 | House | Added Co-Sponsor Rep. Cyril Nichols |
2024-05-01 | House | Added Co-Sponsor Rep. Lilian Jiménez |
2024-04-30 | House | Referred to Rules Committee |
2024-04-30 | House | First Reading |
2024-04-29 | House | Filed with the Clerk by Rep. Yolonda Morris |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 5 | 229 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5827&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/HB/10300HB5827.htm |