· IL legislature · 104th

INC TAX-MANUFACTURING

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…

Sponsor

Regan Deering (R-IL)

Introduced

2025-02-06

Policy area

Taxation

Latest action

Rule 19(a) / Re-referred to Rules Committee