Bill Status of HB 5962   98th General Assembly


Short Description:  MANUFACTURING JOB CREDIT

House Sponsors
Rep. Dwight Kay

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/224 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 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 
DateChamber Action
  2/14/2014HouseFiled with the Clerk by Rep. Dwight Kay
  2/14/2014HouseFirst Reading
  2/14/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

Back To Top