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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 an opportunity zone 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.
Introduced
Feb 18, 2025
Last Action
Mar 21, 2025
Session
IL 104th
Sponsors
1 primary · 2 co
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Rita Mayfield
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. Kimberly Du Buclet
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Justin Slaughter
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee