IL HB5191 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 8 2024 - 25% progression
Action: 2024-02-09 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Protect Illinois Manufacturing and Energy from Foreign Adversaries Act. Provides that a disqualified foreign adversary may not receive certain State incentives. Provides that a disqualified foreign adversary that operates in Illinois is subject to specified taxes and fees. Defines "disqualified foreign adversary" as individuals or entities that are associated with a foreign adversary and that establish, invest in, or operate an advanced manufacturing and energy business. Amends the Illinois Income Tax Act and the Use Tax Act to make conforming changes. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

Tracking Information

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Title

PROTECT MANUFACTURING ACT

Sponsors


History

DateChamberAction
2024-02-09HouseReferred to Rules Committee
2024-02-09HouseFirst Reading
2024-02-08HouseFiled with the Clerk by Rep. Brad Halbrook

Code Citations

ChapterArticleSectionCitation TypeStatute Text
351053-10Amended CodeCitation Text
355201Amended CodeCitation Text
355517New CodeSee Bill Text
355714New CodeSee Bill Text
51005-45.55New CodeSee Bill Text

Illinois State Sources


Bill Comments

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