IL HB5802 | 2015-2016 | 99th General Assembly

Status

Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 11 2016 - 25% progression, died in committee
Action: 2016-04-08 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates a credit for qualifying taxpayers who own and operate a business in an area with low long-term manufacturing job projections in the amount of $3,500 for each employee hired by the taxpayer on or after January 1, 2017 to work at job location in an area with low long-term manufacturing job projections and retained by the taxpayer at that job location for 2 years. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Tracking Information

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Title

INC TX-MANUFACTURING

Sponsors


History

DateChamberAction
2016-04-08HouseRule 19(a) / Re-referred to Rules Committee
2016-03-29HouseTo Income Tax Subcommittee
2016-03-23HouseAssigned to Revenue & Finance Committee
2016-02-11HouseReferred to Rules Committee
2016-02-11HouseFirst Reading
2016-02-11HouseFiled with the Clerk by Rep. Bill Mitchell

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355224New CodeSee Bill Text

Illinois State Sources


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