Illinois Senate Bill 3939

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 1 2024 - 25% progression
Action: 2024-05-01 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

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.

INC TX-DATA CENTERS

Sen. Lakesia Collins [D]

Date	Chamber	Action
2024-05-01	Senate	Referred to Assignments
2024-05-01	Senate	First Reading
2024-05-01	Senate	Filed with Secretary by Sen. Lakesia Collins

Chapter	Article	Section	Citation Type	Statute Text
35	5	229	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3939&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB3939.htm