Illinois Manufacturer’s Purchase Credit repealed.

The tax credit program for manufacturers will cease for purchases of manufacturing machinery and equipment or graphic arts machinery and equipment made after June 30, 2003. All unused manufacturer’s purchase credits earned for purchases made through June 30, 2003, must be used before October 1, 2003. (Illinois Informational Bulletin, July 2003, effective as noted.)

Posted on July 15, 2003