MANUFACTURING JOB CREDIT
Summary
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, 2017.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2016
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2016
Last action Jan 10, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 10, 2017
House · Failed
Session Sine Die
Jan 27, 2016
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
David B. Reis
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 4545
Scope: IL
Hi! I can help you understand HB 4545. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline