Bill Status of HB 5799   97th General Assembly

Short Description:  MANUFACTURING JOB CREDIT

House Sponsors
Rep. Dwight Kay-Sidney H. Mathias-Jason Barickman-Paul Evans-Mike Bost and John D. Cavaletto

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/223 new

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Dwight Kay
  2/16/2012HouseFirst Reading
  2/16/2012HouseReferred to Rules Committee
  2/23/2012HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  2/28/2012HouseAdded Co-Sponsor Rep. John D. Cavaletto
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Jason Barickman
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Paul Evans
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Mike Bost
  1/8/2013HouseSession Sine Die

Back To Top