IL HB0345 | 2017-2018 | 100th General Assembly

Illinois House Bill 345 (Prior Session Legislation)

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Title

INC TX-DEDUCT MANUFACTURING

History

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-03-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-03-06	House	Added Co-Sponsor Rep. Kathleen Willis
2017-02-24	House	To Income Tax Subcommittee
2017-02-23	House	Added Co-Sponsor Rep. Anthony DeLuca
2017-02-10	House	Added Co-Sponsor Rep. Thomas Morrison
2017-01-31	House	Added Co-Sponsor Rep. Martin J. Moylan
2017-01-27	House	Added Chief Co-Sponsor Rep. Avery Bourne
2017-01-25	House	Assigned to Revenue & Finance Committee
2017-01-11	House	Referred to Rules Committee
2017-01-11	House	First Reading
2017-01-11	House	Filed with the Clerk by Rep. David McSweeney

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
35	5	203	Amended Code	Citation Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=345&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB0345.htm