SB 3303

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

Manufacturing Job Credit

Abstract

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.

Bill Sponsors (1)

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Jan 09, 2019

Senate

Session Sine Die

Sep 04, 2018

Senate

Chief Sponsor Changed to Sen. William E. Brady

Apr 13, 2018

Senate

Rule 3-9(a) / Re-referred to Assignments

Feb 27, 2018

Senate

Assigned to Revenue

Feb 16, 2018

Senate

Filed with Secretary by Sen. Karen McConnaughay

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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