Bill Texts: IL SB3939 | 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 1-0)
Status: (Introduced) 2024-05-01 - Referred to Assignments [SB3939 Detail]
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-05-01 - Referred to Assignments [SB3939 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
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Introduced | 2024-05-01 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
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No bill amendments currently on file for Illinois SB3939 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
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No supplemental documents for Illinois SB3939 currently on file. |