Date	Chamber	Action
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

20 ILCS 605/605-1115 new

35 ILCS 5/201

35 ILCS 5/241 new

Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall award income tax credits in an amount equal to 13% of the qualifying quantum information science expenditures made by the taxpayer during the taxable year. Amends the Illinois Income Tax Act to make conforming changes. Further amends the Illinois Income Tax Act to extend the research and development credit to tax years ending before January 1, 2037 (currently, January 1, 2027). Effective immediately.

Actions 

Date	Chamber	Action
2/5/2024	House	Filed with the Clerk by Rep. Mark L. Walker
2/6/2024	House	First Reading
2/6/2024	House	Referred to Rules Committee
2/28/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue-Income Tax Subcommittee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

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