Illinois HB3565 provides a tax credit for data center construction employment in specific areas.
HB3565 amends the Illinois Income Tax Act to offer a tax credit for wages paid to employees involved in constructing a new data center in certain geographic areas. These areas must meet criteria such as a poverty rate of at least 20%, high participation in the federal free lunch program, significant SNAP assistance, or an unemployment rate over 120% of the national average. Additionally, the bill provides an additional credit for investments in qualified tangible personal property used in the construction or operation of the data center.
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