IL-SB227 · 2025-2026 session · Legislation
INC TX-DATA CENTERS
- Jurisdiction
- Illinois
- Current status
- In Committee
- Committee
- Assignments
- Sponsor
- Sen. Lakesia Collins-Napoleon Harris, III-Elgie R. Sims, Jr.
- Introduced
- In Committee
- Floor
- Enacted
A bill is not law unless the source record shows enactment.
Latest action
Referred to Assignments
Jan 22, 2025
Subject areas
Policy mechanisms
Tracker tags, not legal conclusions.
Quick summary
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.
Source-provided or tracker summary; not operative legal text.
Linked record: ftp.ilga.gov. Inspect the source before relying on the tracker’s interpretation.