INC TAX-MANUFACTURING House SponsorsRep. Regan Deering 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 35 ILCS 5/252 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. 2/6/2025HouseFiled with the Clerk by Rep. Regan Deering 2/18/2025HouseFirst Reading 2/18/2025HouseReferred to Rules Committee 3/11/2025HouseAssigned to Revenue & Finance Committee 3/13/2025HouseTo Income Tax Subcommittee 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee