INC TAX-MANUFACTURING Senate SponsorsSen. Chapin Rose and Scott M. Bennett 1/10/2023SenateSession Sine Die 35 ILCS 5/232 newAmends 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 15% of the manufacturing capital expenditures if the taxpayer is located in a rural or economically challenged area. 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. 2/26/2021SenateFiled with Secretary by Sen. Chapin Rose 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 3/4/2021SenateAdded as Co-Sponsor Sen. Scott M. Bennett 3/23/2021SenateAssigned to Revenue 4/16/2021SenateRule 3-9(a) / Re-referred to Assignments 1/10/2023SenateSession Sine Die