IL HB4381 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 4 2016 - 25% progression, died in committee
Action: 2016-04-08 - House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates a deduction for corporations in an amount equal to 100% of the portion of the taxpayer's Illinois net income for the taxable year that is earned by the taxpayer as a result of a manufacturing process. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately.

Tracking Information

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Title

INC TX-DEDUCT MANUFACTURING

Sponsors


History

DateChamberAction
2016-04-08HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
2016-04-08HouseRule 19(a) / Re-referred to Rules Committee
2016-04-04HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2016-03-29HouseTo Income Tax Subcommittee
2016-03-23HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2016-03-23HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. David McSweeney
2016-03-23HouseAssigned to Revenue & Finance Committee
2016-01-14HouseReferred to Rules Committee
2016-01-14HouseFirst Reading
2016-01-06HouseAdded Chief Co-Sponsor Rep. David B. Reis
2016-01-05HouseAdded Co-Sponsor Rep. Jeanne M Ives
2016-01-05HouseAdded Co-Sponsor Rep. Reginald Phillips
2016-01-05HouseAdded Co-Sponsor Rep. Joe Sosnowski
2016-01-05HouseAdded Co-Sponsor Rep. Dwight Kay
2016-01-04HouseFiled with the Clerk by Rep. David McSweeney

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355203Amended CodeCitation Text

Illinois State Sources


Bill Comments

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