Sen. Thomas Cullerton
Filed: 12/3/2013
 
 

 

 

 
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1
AMENDMENT TO HOUSE BILL 3271 




2    AMENDMENT NO. ______. Amend House Bill 3271, AS AMENDED, 
3with reference to page and line numbers of Senate Amendment No. 
43, on page 7, immediately below line 16, by inserting the 
5following:


6        "(1.9)  Notwithstanding any other provision of law, an 
7    election under this subsection (f) may also be made by a 
8    Taxpayer that:
9            (A) is primarily engaged in business as a 
10        distributor of industrial and specialty chemicals;
11            (B) relocates its corporate headquarters to 
12        Illinois from another State; and
13            (C) entered into an Agreement for a Credit prior to 
14        the effective date of this amendatory Act of the 98th 
15        General Assembly, which required the Taxpayer to (i) 
16        make a capital investment of at least $9,300,000, (ii) 
17        retain at least 100 full-time jobs at project locations 
18        in Illinois, and (iii) create at least 69 full-time 
 
 
09800HB3271sam004- 2 -LRB098 09263 HLH 50225 a

1        jobs at project locations in Illinois."; and
 
2on page 7, line 21, after "Act", by inserting ", except that an 
3election under paragraph (1.9)  shall allow the credit to be 
4taken against payments otherwise due under Section 704A of the 
5Illinois Income Tax Act during the 12-month period beginning 
6with the first month after the Taxpayer relocates its corporate 
7headquarters to Illinois".