Sen. Thomas Cullerton

Filed: 12/3/2013

 

 


 

 


 
09800HB3271sam004LRB098 09263 HLH 50225 a

1
AMENDMENT TO HOUSE BILL 3271

2    AMENDMENT NO. ______. Amend House Bill 3271, AS AMENDED,
3with reference to page and line numbers of Senate Amendment No.
43, on page 7, immediately below line 16, by inserting the
5following:
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

 

 

09800HB3271sam004- 2 -LRB098 09263 HLH 50225 a

1        jobs at project locations in Illinois."; and
 
2on page 7, line 21, after "Act", by inserting ", except that an
3election under paragraph (1.9) shall allow the credit to be
4taken against payments otherwise due under Section 704A of the
5Illinois Income Tax Act during the 12-month period beginning
6with the first month after the Taxpayer relocates its corporate
7headquarters to Illinois".