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<title>Illinois General Assembly - Bill Status for HB 4381         </title>
<shortdesc>INC TX-DEDUCT MANUFACTURING</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David McSweeney-David B. Reis, Dwight Kay, Joe Sosnowski, Reginald Phillips and Jeanne M Ives</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates a deduction for corporations in an amount equal to 100% of the portion of the taxpayer's Illinois net income for the taxable year that is earned by the taxpayer as a result of a manufacturing process. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/4/2016</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David McSweeney</action>
<statusdate>1/5/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Dwight Kay</action>
<statusdate>1/5/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Joe Sosnowski</action>
<statusdate>1/5/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Reginald Phillips</action>
<statusdate>1/5/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jeanne M Ives</action>
<statusdate>1/6/2016</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. David B. Reis</action>
<statusdate>1/14/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/14/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. David McSweeney</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/29/2016</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>4/4/2016</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>4/8/2016</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/8/2016</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

