Bill Title: Creates the Manufacturing Job Destination Tax Credit Act and amends the Illinois Income Tax Act. Provides for a credit of 25% of the Illinois labor expenditures made by a manufacturing company in order to foster job creation and retention in Illinois. Authorizes the Department of Revenue to award a tax credit to taxpayer-employers who apply for the credit and meet certain Illinois labor expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective immediately.

Sponsorship: Bipartisan Bill

Status: (Introduced - Dead) 2010-03-19 - Added Co-Sponsor Rep. Michael K. Smith [HB5209 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5209

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5209 currently on file.