INC TX-DATA CENTERS

What it does

The legislature's own summary of the bill, or its official long 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.

Every action

5 steps, oldest first, as the legislature records them.

1. Jan 22, 2025SenateFiled with Secretary by Sen. Lakesia Collins
2. Jan 22, 2025SenateFirst Reading
3. Jan 22, 2025CommitteeReferred to Assignments · Senate Assignments
4. Feb 26, 2025SenateAdded as Chief Co-Sponsor Sen. Napoleon Harris, III
5. Feb 27, 2025SenateAdded as Chief Co-Sponsor Sen. Elgie R. Sims, Jr.

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 2 cosponsors: 2 Democrats.

• Lakesia CollinsD Primary sponsor · District 5