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
1/18/2022	Senate	Filed with Secretary by Sen. Donald P. DeWitte
1/18/2022	Senate	First Reading
1/18/2022	Senate	Referred to Assignments
2/1/2022	Senate	Assigned to Revenue
2/10/2022	Senate	Rule 3-9(a) / Re-referred to Assignments
3/8/2022	Senate	Added as Co-Sponsor Sen. Suzy Glowiak Hilton
1/10/2023	Senate	Session Sine Die

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