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SB 395

ECONOMIC DEVELOPMENT-TECH

104th Regular Session Introduced by Don Harmon

Illinois SB 395 advances technology sector economic development through unspecified incentive mechanisms, passing committee unanimously but awaiting assignment for further consideration.

Rule 3-9(a) / Re-referred to Assignments
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Bill Summary · SB 395

Legislative bill overview

SB 395 is an Illinois economic development bill focused on technology sector growth, sponsored by Senate President Don Harmon. The bill has advanced through committee with unanimous support and is currently in the assignment/referral process after being re-referred on April 11, 2025.

Why is this important

Technology sector development directly impacts job creation, tax revenue, and Illinois's competitiveness with other states attracting tech companies and talent. Economic development legislation can influence where businesses choose to locate and expand, affecting regional growth patterns and workforce opportunities across the state.

Potential points of contention

  • Fiscal impact unclear: The bill's specific tax incentives, credits, or public funding mechanisms are not detailed in the legislative record, making it difficult to assess budgetary consequences
  • Geographic distribution: Tech incentives often concentrate benefits in urban centers; rural Illinois communities may question equitable allocation of development resources
  • Corporate accountability: Questions may arise about performance requirements, job creation guarantees, or clawback provisions if companies receiving incentives fail to meet stated goals

Compiled from official sources — confirm details with the bill’s official record.

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