Date	Chamber	Action
1/10/2023	Senate	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
2/23/2021	Senate	Filed with Secretary by Sen. Donald P. DeWitte
2/23/2021	Senate	First Reading
2/23/2021	Senate	Referred to Assignments
3/3/2021	Senate	Assigned to Revenue
3/19/2021	Senate	To Credits, Deductions, and Exemptions
4/16/2021	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2023	Senate	Session Sine Die

Back To Top