HB0936 Summary

• Creates a new deduction for business entities equal to 100% of Illinois net income earned from manufacturing processes, as defined in Section 2-45 of the Retailers' Occupation Tax Act.

• Applies to individuals, corporations, trusts, estates, and partnerships with pass-through tax treatment.

• Deduction is exempt from the Illinois Income Tax Act's automatic sunset provision in Section 250, making it permanent.

• Effective immediately upon the bill becoming law.