HB3565 - 104th General Assembly

INC TX-DATA CENTERS
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
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 an opportunity zone 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
Date Chamber Action
2/07/2025 House Filed with the Clerk by Rep. Justin Slaughter
2/18/2025 House First Reading
2/18/2025 House Referred to Rules Committee
3/07/2025 House Added Chief Co-Sponsor Rep. Kimberly Du Buclet
3/11/2025 House Assigned to Revenue & Finance Committee
3/13/2025 House To Income Tax Subcommittee
3/17/2025 House Added Co-Sponsor Rep. Rita Mayfield
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee