Bill Sponsors: IL HB5469 | 2017-2018 | 100th General Assembly
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 the certain Illinois labor, job training, and apprenticeship requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective January 1, 2019.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB5469 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 2-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB5469 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Representative Tony McCombie [R] | Primary | Sponsored Bills | HD-089 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Lindsay Parkhurst [R] | Cosponsor | Sponsored Bills | HD-079 | FollowTheMoney | Ballotpedia | VoteSmart |