Bill Status of HB 1495   98th General Assembly

Short Description:  MANUFACTURING JOB CREDIT

House Sponsors
Rep. Dwight Kay-Patricia R. Bellock-Michael Unes-Wayne Rosenthal-Sandra M. Pihos and Kay Hatcher

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/224 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
  2/7/2013HouseFiled with the Clerk by Rep. Dwight Kay
  2/13/2013HouseFirst Reading
  2/13/2013HouseReferred to Rules Committee
  2/19/2013HouseAssigned to Revenue & Finance Committee
  3/11/2013HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  3/11/2013HouseAdded Chief Co-Sponsor Rep. Michael Unes
  3/11/2013HouseAdded Chief Co-Sponsor Rep. Wayne Rosenthal
  3/11/2013HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos
  3/11/2013HouseAdded Co-Sponsor Rep. Kay Hatcher
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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