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<xml>
<title>Illinois General Assembly - Bill Status for HB 344          </title>
<shortdesc>MANUFACTURING JOB CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David B. Reis-Dwight Kay, Reginald Phillips and Mary E. Flowers</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/224 new</reference><aliasreference></aliasreference><SynopsisText>     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 certain Illinois labor expenditure requirements. Sets minimum requirements and procedures for certifying a taxpayer as an "accredited manufacturer" and for awarding the credit. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David B. Reis</action>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/6/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Dwight Kay</action>
<statusdate>2/13/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/20/2015</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/19/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Reginald Phillips</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/22/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mary E. Flowers</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

