Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/232 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year, or 15% of the manufacturing capital expenditures if the taxpayer is located in a rural or economically challenged area. Provides that the total amount of credits awarded under those provisions may not exceed $10,000,000 for any particular taxpayer in any taxable year, except that, if the capital investment is made in a rural or economically challenged area, then the maximum amount of the credit shall be $20,000,000. Effective immediately.

Actions 

Date	Chamber	Action
2/5/2021	House	Filed with the Clerk by Rep. Keith R. Wheeler
2/8/2021	House	First Reading
2/8/2021	House	Referred to Rules Committee
3/2/2021	House	Assigned to Revenue & Finance Committee
3/11/2021	House	To Income Tax Subcommittee
3/18/2021	House	Added Co-Sponsor Rep. Dan Brady
3/18/2021	House	Added Co-Sponsor Rep. Ryan Spain
3/27/2021	House	Rule 19(a) / Re-referred to Rules Committee
3/4/2022	House	Added Co-Sponsor Rep. Amy Elik
1/10/2023	House	Session Sine Die

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