Dave Syverson
- Republican
- Senator
- District 35
Primary
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 expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective January 1, 2008.
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Session Sine Die
Added as Chief Co-Sponsor Sen. John J. Millner
Added as Co-Sponsor Sen. Pamela J. Althoff
Filed with Secretary by Sen. Dave Syverson
First Reading
Referred to Rules
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