Comments: IL HB3612 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Income Tax Act. Provides that each business that (i) is primarily engaged in manufacturing and (ii) hires and retains employees to work at a facility in a high-crime area, as defined by the Department of Commerce and Economic Opportunity by rule, shall be entitled to a credit against its Illinois income tax liability. Provides that the amount of the credit shall be equal to 30% of the gross wages paid to each full-time permanent employee located at the qualified facility who has been employed by the taxpayer at that facility for exactly 12 months at any point during the taxable year. Provides that the credit shall be administered by the Department of Commerce and Economic Opportunity. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB3612 Detail]

Text: Latest bill text (Introduced) [HTML]

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