Bill Status of HB3565  97th General Assembly

Short Description:  MANUFACTURING JOB CREDIT

House Sponsors
Rep. Kay Hatcher - Chris Nybo - Dwight Kay - Jil Tracy - John D. Cavaletto

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/221 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 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.

Actions 
DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. Kay Hatcher
  2/24/2011HouseChief Co-Sponsor Rep. Chris Nybo
  2/24/2011HouseChief Co-Sponsor Rep. Dwight Kay
  2/24/2011HouseChief Co-Sponsor Rep. Jil Tracy
  2/24/2011HouseChief Co-Sponsor Rep. John D. Cavaletto
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  3/3/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die