Bill Status of SB 227   104th General Assembly

Short Description:  INC TX-DATA CENTERS

Senate Sponsors
Sen. Lakesia Collins-Napoleon Harris, III-Elgie R. Sims, Jr.

Last Action  View All Actions

DateChamber Action
  1/22/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/229

Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/22/2025SenateFiled with Secretary by Sen. Lakesia Collins
  1/22/2025SenateFirst Reading
  1/22/2025SenateReferred to Assignments
  2/26/2025SenateAdded as Chief Co-Sponsor Sen. Napoleon Harris, III
  2/27/2025SenateAdded as Chief Co-Sponsor Sen. Elgie R. Sims, Jr.

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