Bill Status of HB 4131   96th General Assembly


Short Description:  MANUFACTURING JOB CREDIT

House Sponsors
Rep. Dan Brady-David Reis

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/218 new

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 the certain Illinois labor expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective January 1, 2010.

Actions 
DateChamber Action
  2/27/2009HouseFiled with the Clerk by Rep. Dan Brady
  2/27/2009HouseFirst Reading
  2/27/2009HouseReferred to Rules Committee
  3/4/2009HouseAssigned to Revenue & Finance Committee
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  3/17/2009HouseAdded Chief Co-Sponsor Rep. David Reis
  1/11/2011HouseSession Sine Die

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