Categories: Chicago

Data Centers Recieve Credits & Incentives from Illinois

The data centers investment program provides owners and operators with exemptions from a variety of state and local taxes for qualifying Illinois data centers. The program also provides data center owners and operators with a tax credit of 20% of wages paid for construction workers for projects located in underserved areas.

Eligibility

New and existing data centers and their tenants collectively making a capital investment of at least $250 million over a 60-month period.

The data center owner/operator and its tenants create at least twenty (20) full-time or full-time equivalent new jobs associated with the operation or maintenance of the data center.

Total compensation for these jobs must be equal or exceed 120% of the median wage paid to full-time employees in the county where the data center is located.

The data center must also be carbon neutral or attain certification under one or more green building standards.

In order to receive the construction employment tax credit, the project must be located in an underserved area based on certain statutory criteria.

Certification

Qualifying Illinois data centers must apply to the Department for certification for the program.

Certified data centers must enter into a memorandum of understanding with the Department.

Containing statutorily-required terms and other terms deemed necessary by the Department.

The data center tax exemptions have a 20-year life span, which will result in 5-year increment certificates that are renewable assuming continued compliance with the relevant statutory, rule, and contractual provisions by the data center.

Jackson Sorbo

Managing editor of the Chicago Morning Star

Recent Posts

Chicago Fire transfer Brian Gutiérrez to Chivas

Chicago Fire FC has finalized the transfer of midfielder Brian Gutiérrez to Club Deportivo Guadalajara, widely known as Chivas, in…

1 week ago

Chicago Contrarian Seeks to Stop Nonprofit and Youth Funding

Chicago Contrarian has issued a call to end city funding for local nonprofit organizations and Chicago’s summer youth employment initiatives.…

2 weeks ago

Illinois Enacts New Protections Limiting Immigration Arrests

Illinois has enacted a new law limiting how federal immigration authorities can operate in everyday public spaces, with state officials…

3 weeks ago

Chicago Fire Department Welcomes 70 New Graduates

Chicago Mayor Brandon Johnson and Fire Department Commissioner Annette Nance-Holt on Dec. 5 marked the graduation of 55 Firefighter EMTs…

3 weeks ago

Chance the Rapper to Headline Chicago’s New Year’s Eve

Chicago will serve as the Central Time zone broadcast hub for “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest…

3 weeks ago

U.S. Soccer Announces Format for 2026 U.S. Open Cup

U.S. Soccer has released the full format, schedule, and participating teams for the 2026 Lamar Hunt U.S. Open Cup, outlining…

3 weeks ago

This website uses cookies.