Illinois General Assembly - Full Text of HB3271
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Full Text of HB3271  98th General Assembly


Sen. Thomas Cullerton

Filed: 12/3/2013





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2    AMENDMENT NO. ______. Amend House Bill 3271, AS AMENDED,
3with reference to page and line numbers of Senate Amendment No.
43, on page 7, immediately below line 16, by inserting the
6        "(1.9) Notwithstanding any other provision of law, an
7    election under this subsection (f) may also be made by a
8    Taxpayer that:
9            (A) is primarily engaged in business as a
10        distributor of industrial and specialty chemicals;
11            (B) relocates its corporate headquarters to
12        Illinois from another State; and
13            (C) entered into an Agreement for a Credit prior to
14        the effective date of this amendatory Act of the 98th
15        General Assembly, which required the Taxpayer to (i)
16        make a capital investment of at least $9,300,000, (ii)
17        retain at least 100 full-time jobs at project locations
18        in Illinois, and (iii) create at least 69 full-time



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1        jobs at project locations in Illinois."; and
2on page 7, line 21, after "Act", by inserting ", except that an
3election under paragraph (1.9) shall allow the credit to be
4taken against payments otherwise due under Section 704A of the
5Illinois Income Tax Act during the 12-month period beginning
6with the first month after the Taxpayer relocates its corporate
7headquarters to Illinois".