state_legiscan_drain · IL
DCEO-DATA CENTERS
May 13, 2026
Summary
If enacted, this bill would require qualified data center operators in Illinois to execute community benefit agreements with host communities and make annual minimum payments equal to at least 10% of the property tax that would have been levied on the data center property. At least 50% of those payments must be used to provide financial benefits to eligible homestead property owners to offset residential tax burdens. The bill does not directly affect mortgage lenders, servicers, or other regulated financial entities.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=4203&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "DCEO-DATA CENTERS" cover?
- If enacted, this bill would require qualified data center operators in Illinois to execute community benefit agreements with host communities and make…
- When was it published?
- It was published on May 13, 2026.