Bill Status of HB4381  102nd General Assembly

Short Description:  INC TX-DEDUCT MANUFACTURING

House Sponsors
Rep. David McSweeney - David B. Reis, Dwight Kay, Joe Sosnowski, Reginald Phillips and Jeanne M Ives

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

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
  1/4/2016HouseFiled with the Clerk by Rep. David McSweeney
  1/5/2016HouseAdded Co-Sponsor Rep. Dwight Kay
  1/5/2016HouseAdded Co-Sponsor Rep. Joe Sosnowski
  1/5/2016HouseAdded Co-Sponsor Rep. Reginald Phillips
  1/5/2016HouseAdded Co-Sponsor Rep. Jeanne M Ives
  1/6/2016HouseAdded Chief Co-Sponsor Rep. David B. Reis
  1/14/2016HouseFirst Reading
  1/14/2016HouseReferred to Rules Committee
  3/23/2016HouseAssigned to Revenue & Finance Committee
  3/23/2016HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. David McSweeney
  3/23/2016HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/29/2016HouseTo Income Tax Subcommittee
  4/4/2016HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/8/2016HouseRule 19(a) / Re-referred to Rules Committee
  4/8/2016HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die