HB 6914

  • Illinois House Bill
  • 96th Regular Session
  • Introduced in House
  • House
  • Senate
  • 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 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.

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Jan 11, 2011

House

Session Sine Die

Nov 10, 2010

House

First Reading

House

Referred to Rules Committee

Sep 28, 2010

House

Filed with the Clerk by Rep. Bill Mitchell

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