Sen. Thomas Cullerton
Filed: 12/3/2013
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1 | AMENDMENT TO HOUSE BILL 3271
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2 | AMENDMENT NO. ______. Amend House Bill 3271, AS AMENDED, | ||||||
3 | with reference to page and line numbers of Senate Amendment No. | ||||||
4 | 3, on page 7, immediately below line 16, by inserting the | ||||||
5 | following:
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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 | ||||||
2 | on page 7, line 21, after "Act", by inserting " , except that an | ||||||
3 | election under paragraph (1.9) shall allow the credit to be | ||||||
4 | taken against payments otherwise due under Section 704A of the | ||||||
5 | Illinois Income Tax Act during the 12-month period beginning | ||||||
6 | with the first month after the Taxpayer relocates its corporate | ||||||
7 | headquarters to Illinois ".
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