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<xml>
<title>Illinois General Assembly - Bill Status for SB 732    </title>
<shortdesc>MANUFACTURING JOB CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Dave Syverson and Pamela J. Althoff-John J. Millner</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/218 new</reference><aliasreference></aliasreference><SynopsisText>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 expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective January 1, 2008.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Dave Syverson</action>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/8/2007</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>3/1/2007</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Pamela J. Althoff</action>
<statusdate>3/14/2007</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. John J. Millner</action>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

