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]
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.
Title
INC TX-MANUFACTURING
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-08 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2016-03-29 | House | To Income Tax Subcommittee |
| 2016-03-23 | House | Assigned to Revenue & Finance Committee |
| 2016-02-11 | House | Referred to Rules Committee |
| 2016-02-11 | House | First Reading |
| 2016-02-11 | House | Filed with the Clerk by Rep. Bill Mitchell |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5802&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/HB/09900HB5802.htm |
