Illinois General Assembly - Bill Status for HB5827

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

Date	Chamber	Action
4/29/2024	House	Filed with the Clerk by Rep. Yolonda Morris
4/30/2024	House	First Reading
4/30/2024	House	Referred to Rules Committee
5/1/2024	House	Added Co-Sponsor Rep. Lilian Jiménez
5/1/2024	House	Added Co-Sponsor Rep. Cyril Nichols
5/1/2024	House	Added Co-Sponsor Rep. Dagmara Avelar
5/1/2024	House	Added Chief Co-Sponsor Rep. Kimberly Du Buclet
5/1/2024	House	Added Chief Co-Sponsor Rep. Camille Y. Lilly
5/1/2024	House	Added Chief Co-Sponsor Rep. Rita Mayfield
5/1/2024	House	Added Chief Co-Sponsor Rep. Marcus C. Evans, Jr.

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