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. (SB0227 / HB3565, IL)
Last Updated:
Bill Status
Summary:
Creates additional tax credit for data-centers that are in high-poverty areas or are minority-, women-, or disabled person-owned.
Session:
Current
State / Federal:
Bill Number:
SB0227 / HB3565
Party of sponsors/cosponsors:
D
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