Illinois General Assembly - Full Text of HB0503
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Full Text of HB0503  97th General Assembly

HB0503sam002 97TH GENERAL ASSEMBLY

Sen. Toi W. Hutchinson

Filed: 5/15/2012

 

 


 

 


 
09700HB0503sam002LRB097 03320 PJG 69600 a

1
AMENDMENT TO HOUSE BILL 503

2    AMENDMENT NO. ______. Amend House Bill 503, AS AMENDED,
3with reference to page and line numbers of Senate Amendment No.
41, as follows:
 
5on page 2, by replacing lines 2 and 3 with the following:
 
6        "(3) compensation paid to vendors for contractual or
7    salaried employees of the vendor who are Illinois residents
8    and who perform"; and
 
9on page 3, by replacing lines 8 and 9 with the following:
 
10        "(1) an amount equal to 30% of the (i) Illinois
11    production spending and (ii) Illinois labor expenditure
12    for the taxable year; and"; and
 
13on page 4, by replacing lines 24 and 25 with the following:
 

 

 

09700HB0503sam002- 2 -LRB097 03320 PJG 69600 a

1        "(3) the compensation paid by a vendor, not to exceed
2    $100,000 for any one employee, for contractual or salaried
3    employees of the vendor who are"; and
 
4on page 10, by deleting line 3.