Illinois Statutes
§ 77-5 — Purpose
Illinois·Topic GOVERNMENT·Ch. 35 REVENUE·Act 35 ILCS 65/ Advancing Innovative Manufacturing for Illinois Tax Credit Act.
The General Assembly intends that Illinois should lead the nation in manufacturing domestically and internationally demanded goods. Through the support of manufacturers existing within Illinois and those seeking to relocate to Illinois, this Act is intended to spur innovation in growth industries and fast-growing sectors, including: automotive manufacturing; aerospace manufacturing; energy and life sciences; machine manufacturing; fabricated metal manufacturing; chemical manufacturing; robotics; and the production of advanced materials. This Act is intended to create good-paying jobs, generate long-term economic investment in the Illinois business economy, and ensure that vital products are made in the United States. Illinois must aggressively adopt new business development investment tool
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Illinois § 77-5 (Purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 104-6, eff. 6-16-25.)
Nearby Sections
11
§ 77-1
Short title§ 77-10
Definitions§ 77-15
Powers of the Department§ 77-20
§ 77-20§ 77-25
Tax credit awards§ 77-35
§ 77-35§ 77-45
Annual report§ 77-5
Purpose§ 77-50
Sunset of new agreements