SB 3939 Illinois Senate · 103rd Regular Session

INC TX-DATA CENTERS

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
Governor
Introduced May 1, 2024 Last action May 1, 2024
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
May 1, 2024
Committee
Referred to Assignments
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Lakesia Collins
Lakesia Collins
DDemocratic
IL
5