Bill Sponsors: IL HB0345 | 2017-2018 | 100th General Assembly

Bill Title: 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.

Spectrum: Bipartisan Bill

Status: (Failed) 2019-01-08 - Session Sine Die [HB0345 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeContactPhoneDistrictSponsorshipState ProfileFinancialEncyclopediaBiography
Representative David McSweeney [R]PrimaryInactiveInactiveHD-052Sponsored BillsInactiveFollowTheMoneyBallotpediaVoteSmart
Representative Avery Bourne [R]CosponsorInactiveInactiveHD-095Sponsored BillsInactiveFollowTheMoneyBallotpediaVoteSmart
Representative Martin Moylan [D]CosponsorEmail217-782-8007HD-055Sponsored BillsState ProfileFollowTheMoneyBallotpediaVoteSmart
Representative Thomas Morrison [R]CosponsorInactiveInactiveHD-054Sponsored BillsInactiveFollowTheMoneyBallotpediaVoteSmart
Representative Anthony DeLuca [D]CosponsorEmail217-782-1719HD-080Sponsored BillsState ProfileFollowTheMoneyBallotpediaVoteSmart
Representative Kathleen Willis [D]CosponsorInactiveInactiveHD-077Sponsored BillsInactiveFollowTheMoneyBallotpediaVoteSmart

Social Comments on IL HB0345

feedback