Madison County board bars data centers from receiving tax incentives through Illinois program
The board amended rules for the Southwestern Madison County Enterprise zone to exclude data centers. Madison County, Illinois, has banned data center developers from seeking tax incentives through the state's enterprise zone program. The program aims to stimulate economic growth in struggling parts of the state. Projects that receive the incentives receive 10-year property tax abatements that then phase out. The county board voted to exclude data centers from the Southwestern Madison County Enterprise zone. The decision comes as developers are considering sites in Granite City, Madison and Venice for data center development. The rules do not prohibit individual municipalities from providing tax incentives for data centers.
Published : 11 hours ago by Kavahn Mansouri in Business Politics Tech
Madison County lawmakers have barred data center developers from seeking certain tax incentives.
Members of the county board voted Wednesday to exclude data centers from property tax incentives throu... [1651 symbols]
