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]

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.

Tracking Information

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Title

MANUFACTURING JOB CREDIT

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-02-28HouseAdded Chief Co-Sponsor Rep. Mike Bost
2012-02-28HouseAdded Chief Co-Sponsor Rep. Paul Evans
2012-02-28HouseAdded Chief Co-Sponsor Rep. Jason Barickman
2012-02-28HouseAdded Co-Sponsor Rep. John D. Cavaletto
2012-02-23HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
2012-02-16HouseReferred to Rules Committee
2012-02-16HouseFirst Reading
2012-02-16HouseFiled with the Clerk by Rep. Dwight Kay

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355223New CodeSee Bill Text

Illinois State Sources


Bill Comments

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