HB5827 - INC TX-DATA CENTERS
Illinois - 103rd General Assembly
Introduced byYolonda Morris, Kimberly Du Buclet, Camille Lilly
Last updated 5 months ago
8 Co-Sponsors
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.
STATUS
Introduced
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