Illinois General Assembly - Bill Status for HB3565

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

Date	Chamber	Action
2/24/2011	House	Filed with the Clerk by Rep. Kay Hatcher
2/24/2011	House	Chief Co-Sponsor Rep. Chris Nybo
2/24/2011	House	Chief Co-Sponsor Rep. Dwight Kay
2/24/2011	House	Chief Co-Sponsor Rep. Jil Tracy
2/24/2011	House	Chief Co-Sponsor Rep. John D. Cavaletto
2/24/2011	House	First Reading
2/24/2011	House	Referred to Rules Committee
3/3/2011	House	Assigned to Revenue & Finance Committee
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

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