IL HB1478

Creates the Manufacturing Job Destination Tax Credit Act, providing a 25% tax credit on qualifying Illinois labor expenditures, job training expenditures, and apprenticeship expenses for certified manufacturing companies

Limits qualifying labor expenditures to the first $25,000 of wages per employee and excludes salaries of the two highest-paid employees from credit calculations

Requires manufacturers to meet certification criteria including providing health insurance, pension or 401k plans, paid time-off benefits, and conducting research and development in Illinois

Qualifying apprentices must be Illinois residents between ages 16-30 enrolled in US Department of Labor-registered apprenticeship programs

Credit is non-refundable and cannot be carried forward or back, but may be sold or transferred to other manufacturers; effective January 1, 2020