Bill Title: 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.

Sponsorship: Partisan Bill (Democrat 3)

Status: (Introduced - Dead) 2025-02-27 - Added as Chief Co-Sponsor Sen. Elgie R. Sims, Jr. [SB0227 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2025-01-22	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0227

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0227 currently on file.