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<xml>
<title>Illinois General Assembly - Bill Status for HB 4634         </title>
<shortdesc>INC TX-MICROCHIPS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Tim Butler</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/238 new</reference><aliasreference></aliasreference><reference>35 ILCS 5/239 new</reference><aliasreference></aliasreference><reference>35 ILCS 5/704A</reference><aliasreference></aliasreference><reference>35 ILCS 120/5n new</reference><aliasreference></aliasreference><reference>35 ILCS 200/18-184.20 new</reference><aliasreference></aliasreference><reference>35 ILCS 630/2</reference><aliasreference>from Ch. 120, par. 2002</aliasreference><reference>35 ILCS 640/2-4</reference><aliasreference></aliasreference><reference>220 ILCS 5/9-222</reference><aliasreference>from Ch. 111 2/3, par. 9-222</aliasreference><SynopsisText>    Creates the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act. Creates the Manufacturing Illinois Chips for Real Opportunity (MICRO) Program to be administered by the Department of Commerce and Economic Opportunity. Creates various tax incentives for manufacturers of semiconductors, microchips, or semiconductor or microchip component parts, subject to an agreement with the Department of Commerce and Economic Opportunity. Amends the Illinois Income Tax Act, the Retailers' Occupation Tax Act, the Property Tax Code, the Telecommunications Excise Tax Act, the Electricity Excise Tax Law, and the Public Utilities Act to make conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/19/2022</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Tim Butler</action>
<statusdate>1/21/2022</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/21/2022</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/9/2022</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/15/2022</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>2/18/2022</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

