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 Bill Status of HB0345  100th General Assembly


Short Description:  INC TX-DEDUCT MANUFACTURING

House Sponsors
Rep. David McSweeney - Avery Bourne, Martin J. Moylan, Thomas Morrison, Anthony DeLuca and Kathleen Willis

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction for corporations in an amount equal to 100% of the portion of the taxpayer's Illinois net income for the taxable year that is earned by the taxpayer as a result of a manufacturing process. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  1/11/2017HouseFiled with the Clerk by Rep. David McSweeney
  1/11/2017HouseFirst Reading
  1/11/2017HouseReferred to Rules Committee
  1/25/2017HouseAssigned to Revenue & Finance Committee
  1/27/2017HouseAdded Chief Co-Sponsor Rep. Avery Bourne
  1/31/2017HouseAdded Co-Sponsor Rep. Martin J. Moylan
  2/10/2017HouseAdded Co-Sponsor Rep. Thomas Morrison
  2/23/2017HouseAdded Co-Sponsor Rep. Anthony DeLuca
  2/24/2017HouseTo Income Tax Subcommittee
  3/6/2017HouseAdded Co-Sponsor Rep. Kathleen Willis
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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