Illinois General Assembly - Bill Status for HB5469
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 Bill Status of HB5469  100th General Assembly


Short Description:  MANUFACTURING JOB CREDIT

House Sponsors
Rep. Tony McCombie - Lindsay Parkhurst

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/227 new


Synopsis As Introduced
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, job training, and apprenticeship requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective January 1, 2019.

Actions 
DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. Tony McCombie
  2/16/2018HouseAdded Chief Co-Sponsor Rep. Lindsay Parkhurst
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/7/2018HouseAssigned to Revenue & Finance Committee
  4/12/2018HouseTo Income Tax Subcommittee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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