Bill Status of HB3236

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HB3236 - 104th General Assembly

INC TAX-MANUFACTURING
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Regan Deering
Statutes Amended In Order of Appearance
35 ILCS 5/252 new
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged area, 15% of the manufacturing capital expenditures. Provides that the total amount of credits awarded under those provisions may not exceed $10,000,000 for any particular taxpayer in any taxable year, except that, if the capital investment is made in a rural or economically challenged area, then the maximum amount of the credit shall be $20,000,000. Effective immediately.
Actions
Date Chamber Action
2/06/2025 House Filed with the Clerk by Rep. Regan Deering
2/18/2025 House First Reading
2/18/2025 House Referred to Rules Committee
3/11/2025 House Assigned to Revenue & Finance Committee
3/13/2025 House To Income Tax Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee