HB 345

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Deduct Manufacturing

Abstract

Amends the Illinois Income Tax Act. Creates a deduction for corporations in an amount equal to 100% of the portion of the taxpayer's Illinois net income for the taxable year that is earned by the taxpayer as a result of a manufacturing process. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately.

Bill Sponsors (1)

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Jan 08, 2019

House

Session Sine Die

Mar 31, 2017

House

Rule 19(a) / Re-referred to Rules Committee

Mar 06, 2017

House

Added Co-Sponsor Rep. Kathleen Willis

Feb 24, 2017

House

To Income Tax Subcommittee

Feb 23, 2017

House

Added Co-Sponsor Rep. Anthony DeLuca

Feb 10, 2017

House

Added Co-Sponsor Rep. Thomas Morrison

Jan 31, 2017

House

Added Co-Sponsor Rep. Martin J. Moylan

Jan 27, 2017

House

Added Chief Co-Sponsor Rep. Avery Bourne

Jan 25, 2017

House

Assigned to Revenue & Finance Committee

Jan 11, 2017

House

Filed with the Clerk by Rep. David McSweeney

House

Referred to Rules Committee

House

First Reading

Bill Text

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