IL HB5799 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Manufacturing Job Destination Tax Credit Act and amends the Illinois Income Tax Act. Provides for a credit of 25% of the Illinois labor expenditures made by a manufacturing company in order to foster job creation and retention in Illinois. Authorizes the Department of Revenue to award a tax credit to taxpayer-employers who apply for the credit and meet certain Illinois labor expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective immediately.
Title
MANUFACTURING JOB CREDIT
Sponsors
Rep. Dwight Kay [R] | Rep. Sidney Mathias [R] | Sen. Jason Barickman [R] | Rep. Paul Evans [D] |
Rep. Mike Bost [R] | Rep. John Cavaletto [R] |
History
Date | Chamber | Action |
---|---|---|
2013-01-08 | House | Session Sine Die |
2012-02-28 | House | Added Chief Co-Sponsor Rep. Mike Bost |
2012-02-28 | House | Added Chief Co-Sponsor Rep. Paul Evans |
2012-02-28 | House | Added Chief Co-Sponsor Rep. Jason Barickman |
2012-02-28 | House | Added Co-Sponsor Rep. John D. Cavaletto |
2012-02-23 | House | Added Chief Co-Sponsor Rep. Sidney H. Mathias |
2012-02-16 | House | Referred to Rules Committee |
2012-02-16 | House | First Reading |
2012-02-16 | House | Filed with the Clerk by Rep. Dwight Kay |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5799&GAID=11&DocTypeID=HB&SessionID=84&GA=97 |
Text | https://www.ilga.gov/legislation/97/HB/09700HB5799.htm |