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<xml>
<title>Illinois General Assembly - Bill Status for HB 6914   </title>
<shortdesc>MANUFACTURING JOB CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Bill Mitchell</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/221 new</reference><aliasreference></aliasreference><SynopsisText>     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 certain Illinois labor expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>9/28/2010</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Bill Mitchell</action>
<statusdate>11/10/2010</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/10/2010</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

