Bill Status of HB0659  102nd General Assembly


House Sponsors
Rep. Keith R. Wheeler, Dan Brady, Ryan Spain and Amy Elik

Last Action
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 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.

DateChamber Action
  2/5/2021HouseFiled with the Clerk by Rep. Keith R. Wheeler
  2/8/2021HouseFirst Reading
  2/8/2021HouseReferred to Rules Committee
  3/2/2021HouseAssigned to Revenue & Finance Committee
  3/11/2021HouseTo Income Tax Subcommittee
  3/18/2021HouseAdded Co-Sponsor Rep. Dan Brady
  3/18/2021HouseAdded Co-Sponsor Rep. Ryan Spain
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  3/4/2022HouseAdded Co-Sponsor Rep. Amy Elik
  1/10/2023HouseSession Sine Die