Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year in the base period (instead of 100% of the average of the qualifying expenditures for each year in the base period). Provides that the research and development credit applies on a permanent basis. Effective immediately.

Actions 

Date	Chamber	Action
1/13/2022	House	Filed with the Clerk by Rep. Tony McCombie
1/21/2022	House	First Reading
1/21/2022	House	Referred to Rules Committee
2/1/2022	House	Assigned to Revenue & Finance Committee
2/9/2022	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Tony McCombie
2/9/2022	House	House Committee Amendment No. 1 Referred to Rules Committee
2/10/2022	House	To Income Tax Subcommittee
2/15/2022	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2/18/2022	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2/18/2022	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die

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