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SB 401

ECONOMIC DEVELOPMENT-TECH

104th Regular Session Introduced by Don Harmon

Illinois SB 401 promotes technology sector economic development through unspecified incentives, unanimously cleared committee but faces procedural review before final passage.

Rule 3-9(a) / Re-referred to Assignments
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Bill Summary · SB 401

Legislative bill overview

SB 401 is an Illinois economic development bill focused on technology sector growth, sponsored by Senate President Don Harmon. The bill advanced through committee with unanimous support (11-0) in March 2025 and was scheduled for third reading, though it was recently re-referred to the Senate Assignments Committee on April 11, indicating potential procedural adjustments or amendments before final consideration.

Why is this important

Technology sector investment directly affects job creation, workforce development, and tax revenue in Illinois. Economic development legislation can shape which industries receive state support, influence business relocation decisions, and impact regional competitiveness with other states competing for tech talent and companies.

Potential points of contention

  • Specificity of benefits: The bill's details on which tech sectors receive incentives, tax credits, or grants are unclear from the legislative record—this determines whether resources broadly support innovation or narrowly favor specific companies or industries
  • Cost to state budget: Economic development packages often involve foregone tax revenue or direct expenditures; the fiscal impact and funding mechanism are not evident from available information
  • Geographic equity: Whether incentives benefit only major urban centers like Chicago or are distributed across Illinois regions, potentially affecting rural or economically disadvantaged areas differently

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

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