Date	Chamber	Action
3/21/2025	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

35 ILCS 5/252 new

Synopsis As Introduced
Amends 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, if the taxpayer is located in a rural or economically challenged area, 15% of the manufacturing capital expenditures. 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.

Actions 

Date	Chamber	Action
2/6/2025	House	Filed with the Clerk by Rep. Regan Deering
2/18/2025	House	First Reading
2/18/2025	House	Referred to Rules Committee
3/11/2025	House	Assigned to Revenue & Finance Committee
3/13/2025	House	To Income Tax Subcommittee
3/21/2025	House	Rule 19(a) / Re-referred to Rules Committee

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