Bill Status of SB 732   95th General Assembly

Short Description:  MANUFACTURING JOB CREDIT

Senate Sponsors
Sen. Dave Syverson and Pamela J. Althoff-John J. Millner

Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/218 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 the certain Illinois labor expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective January 1, 2008.

Actions 
DateChamber Action
  2/8/2007SenateFiled with Secretary by Sen. Dave Syverson
  2/8/2007SenateFirst Reading
  2/8/2007SenateReferred to Rules
  3/1/2007SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  3/14/2007SenateAdded as Chief Co-Sponsor Sen. John J. Millner
  1/13/2009SenateSession Sine Die

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