Bill Status of HB 4545   99th General Assembly


Short Description:  MANUFACTURING JOB CREDIT

House Sponsors
Rep. David B. Reis

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession 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 the certain Illinois labor expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective January 1, 2017.

Actions 
DateChamber Action
  1/27/2016HouseFiled with the Clerk by Rep. David B. Reis
  1/27/2016HouseFirst Reading
  1/27/2016HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

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