Amends the Civil Administrative Code of Illinois. Defines “cryptocurrency” and “cryptocurrency mining”. Changes the definition of “qualifying Illinois data center” to include data centers engaged in cryptocurrency mining that made or committed to make a capital investment of at least $250,000,000 over a 60-month period prior to the effective date of the amendatory Act. Effective immediately. (SB1239, IL)
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Bill Status
Summary:
Adds crypto mining facilities to data centers already eligible for tax break
Session:
Previous
State / Federal:
Bill Number:
SB1239
Party of sponsors/cosponsors:
R
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