Illinois House Bill 4634 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act. Creates the Manufacturing Illinois Chips for Real Opportunity (MICRO) Program to be administered by the Department of Commerce and Economic Opportunity. Creates various tax incentives for manufacturers of semiconductors, microchips, or semiconductor or microchip component parts, subject to an agreement with the Department of Commerce and Economic Opportunity. Amends the Illinois Income Tax Act, the Retailers' Occupation Tax Act, the Property Tax Code, the Telecommunications Excise Tax Act, the Electricity Excise Tax Law, and the Public Utilities Act to make conforming changes. Effective immediately.

INC TX-MICROCHIPS

Rep. Timothy Butler [R]

Date	Chamber	Action
2022-02-18	House	Rule 19(a) / Re-referred to Rules Committee
2022-02-15	House	To Income Tax Subcommittee
2022-02-09	House	Assigned to Revenue & Finance Committee
2022-01-21	House	Referred to Rules Committee
2022-01-21	House	First Reading
2022-01-19	House	Filed with the Clerk by Rep. Tim Butler

Chapter	Article	Section	Citation Type	Statute Text
220	5	9-222	Amended Code	Citation Text
35	120	5n	New Code	See Bill Text
35	200	18-184.20	New Code	See Bill Text
35	5	238	New Code	See Bill Text
35	5	239	New Code	See Bill Text
35	5	704A	Amended Code	Citation Text
35	630	2	Amended Code	Citation Text
35	640	2-4	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4634&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB4634.htm