SB3917 - Manufacturing Illinois Chips for Real Opportunity (MICRO) Act

• Establishes the MICRO program to provide tax credits and incentives for semiconductor and microchip manufacturers in Illinois, with investment minimums ranging from $20 million to $1.5 billion depending on project type and up to 15 years of tax credits.

• Eligible applicants must create specified numbers of full-time jobs (50-500 depending on project tier) at 120% of county average wages and place projects in service within 48-60 months of approval.

• Provides tax credits of up to 75-100% of incremental income tax from new employees, 10-25% of training costs, and up to 50-75% of construction wages, with enhanced percentages for underserved or energy transition areas.

• Grants exemptions from electricity excise taxes, utility pass-on charges, and building materials sales taxes for qualifying MICRO projects, and allows utilities to charge manufacturers exemption costs to other customers.

• Requires certified applicants to submit annual workforce diversity reports, maintain labor neutrality toward union organizing, report sexual harassment policies, and comply with project labor agreements; includes provisions for credit recapture if manufacturers cease operations prematurely.