HB 5827

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Data Centers

Abstract

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.

Bill Sponsors (8)

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May 01, 2024

House

Added Chief Co-Sponsor Rep. Marcus C. Evans, Jr.

House

Added Chief Co-Sponsor Rep. Kimberly Du Buclet

House

Added Chief Co-Sponsor Rep. Camille Y. Lilly

House

Added Chief Co-Sponsor Rep. Rita Mayfield

House

Added Co-Sponsor Rep. Lilian Jiménez

House

Added Co-Sponsor Rep. Cyril Nichols

House

Added Co-Sponsor Rep. Dagmara Avelar

Apr 30, 2024

House

First Reading

House

Referred to Rules Committee

Apr 29, 2024

House

Filed with the Clerk by Rep. Yolonda Morris

Bill Text

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Sources

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