Illinois SB2290 amends tax exemptions for data centers, including quantum research facilities, by setting investment, job creation, and green.
Illinois SB2290 modifies tax exemptions for data centers, including quantum research facilities, by requiring a capital investment of at least $250 million over 60 months, creation of at least 20 full-time jobs, and certification of carbon neutrality or green building standards. The Department of Commerce and Economic Opportunity will issue certificates of exemption for these data centers, which will be valid for up to 20 years. The bill also mandates annual reporting on the outcomes and effectiveness of the tax exemptions.
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