HB6914 - Manufacturing Job Destination Tax Credit Act

• Creates a 25% income tax credit for certified manufacturing companies based on qualifying Illinois labor expenditures, effective for tax years beginning January 1, 2011 and later.

• Limits qualifying wages to $25,000 per employee, excludes the 2 highest-paid employees, and requires work to be performed in Illinois counties with seasonally adjusted unemployment rates exceeding 9.5% for at least 3 consecutive months.

• Requires applicant manufacturers to provide health insurance, pension/401k plans, elder care and dependent care benefits, and conduct research and development in Illinois to qualify for certification.

• Establishes a 60-day appeal process for denied certifications and allows taxpayers to request hearings to dispute credit amounts determined by the Department of Revenue.

• Directs the Department of Revenue to evaluate program effectiveness in job creation and retention, with authority to recommend extension, modification, or termination based on results.