Bill Status of HB 4327   102nd General Assembly


Short Description:  INC TX-BEER&WINE MAKING CRED

House Sponsors
Rep. Thomas M. Bennett

Last Action  View All Actions

DateChamber Action
  1/10/2023HouseSession 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 for Illinois licensed wine manufacturers and craft brewers in an amount equal to 50% of the qualified costs incurred by a qualified taxpayer during the taxable year, not to exceed $1,500. Provides that the tax credit shall be awarded on the basis of costs related to the purchase of crops used in the manufacture of beer or wine that are grown and harvested in Illinois. Defines terms. Effective immediately.

Actions 
DateChamber Action
  1/3/2022HouseFiled with the Clerk by Rep. Thomas M. Bennett
  1/5/2022HouseFirst Reading
  1/5/2022HouseReferred to Rules Committee
  1/25/2022HouseAssigned to Revenue & Finance Committee
  2/3/2022HouseTo Income Tax Subcommittee
  2/14/2022HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Thomas M. Bennett
  2/14/2022HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/15/2022HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  2/18/2022HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023HouseSession Sine Die

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