SB3303 - Manufacturing Job Destination Tax Credit Act

• Creates a 25% tax credit for accredited manufacturers based on qualifying Illinois labor expenditures, job training expenditures, and apprenticeship expenses, effective January 1, 2019.

• Requires manufacturers to meet certification criteria including: engaging primarily in manufacturing, employing workers in Illinois, providing health insurance, offering pension or 401(k) plans, providing paid time-off benefits, and spending research and development budgets in Illinois.

• Limits qualifying Illinois labor expenditures to the first $25,000 of wages per employee, excluding the 2 highest-paid employees, for services rendered in Illinois on or after January 1, 2018.

• Defines qualifying apprentices as Illinois residents aged 16-30 enrolled full-time in apprenticeship programs registered with the U.S. Department of Labor and covers their tuition, book fees, and lab fees.

• Allows the Department of Revenue to issue tax credit certificates and requires annual program evaluation assessing job creation, worker skill improvement, and revenue impact; credits are non-refundable but may be sold or transferred to other manufacturers.