Illinois lawmakers want to attract Bitcoin miners to the state with data center tax incentives

Legislation moving through the Illinois General Assembly would, if approved, extend a data center tax incentive program to cryptocurrency miners. 

Illinois Senate Bill 3643 was first filed in mid-January by Republican State Sen. Sue Rezin and this week picked up a co-sponsorship from Sen. Julie Morrison, a Democrat, according to public records

The tax incentives program cited in the bill has existed since 2019. According to a report from mid-2020 prepared by the Illinois Department of Commerce, tax incentives worth more than $160 million have been extended to six data center operators. The report cites the creation of 120 jobs and $1.6 billion worth of investments. 

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