INC TAX-MANUFACTURING House SponsorsRep. Natalie A. Manley 1/7/2025HouseSession Sine Die 35 ILCS 5/241 new 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. 2/6/2024HouseFiled with the Clerk by Rep. Natalie A. Manley 2/7/2024HouseFirst Reading 2/7/2024HouseReferred to Rules Committee 2/28/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue-Income Tax Subcommittee 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die