IL HB1405 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

MANUFACTURING JOB CREDIT

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2011-11-10HouseAdded Chief Co-Sponsor Rep. Paul Evans
2011-03-17HouseRule 19(a) / Re-referred to Rules Committee
2011-02-28HouseAdded Chief Co-Sponsor Rep. Adam Brown
2011-02-16HouseAdded Chief Co-Sponsor Rep. John D. Cavaletto
2011-02-16HouseAdded Chief Co-Sponsor Rep. David Reis
2011-02-15HouseAssigned to Revenue & Finance Committee
2011-02-14HouseReferred to Rules Committee
2011-02-14HouseFirst Reading
2011-02-09HouseFiled with the Clerk by Rep. Bill Mitchell

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355221New CodeSee Bill Text

Illinois State Sources


Bill Comments

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