HB 5799

  • Illinois House Bill
  • 97th 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 08, 2013

House

Session Sine Die

Feb 28, 2012

House

Added Co-Sponsor Rep. John D. Cavaletto

House

Added Chief Co-Sponsor Rep. Jason Barickman

House

Added Chief Co-Sponsor Rep. Paul Evans

House

Added Chief Co-Sponsor Rep. Mike Bost

Feb 23, 2012

House

Added Chief Co-Sponsor Rep. Sidney H. Mathias

Feb 16, 2012

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Dwight Kay

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