Comments: IL HB5827 | 2023-2024 | 103rd General Assembly

Bill 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.

Spectrum: Partisan Bill (Democrat 8-0)

Status: (Introduced) 2024-05-01 - Added Chief Co-Sponsor Rep. Marcus C. Evans, Jr. [HB5827 Detail]

Text: Latest bill text (Introduced) [HTML]

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