David B. Reis
- Republican
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 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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Session Sine Die
Added Co-Sponsor Rep. Mary E. Flowers
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Reginald Phillips
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. Dwight Kay
Filed with the Clerk by Rep. David B. Reis
Referred to Rules Committee
First Reading
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