Bill Status of HB 5795   97th General Assembly

Short Description:  INC TAX-RESEARCH CREDIT

House Sponsors
Rep. Jason Barickman-Kent Gaffney-Paul Evans-Sidney H. Mathias-Wayne Rosenthal, Kay Hatcher, Mike Bost and Richard Morthland

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the research and development credit is effective for all taxable years ending on or after December 31, 2004 and is not subject to the Act's automatic sunset provisions. Provides that amounts paid or incurred for ethanol and biodiesel research are included in the definition of "qualified expenditure". Effective immediately.

Actions 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Jason Barickman
  2/16/2012HouseFirst Reading
  2/16/2012HouseReferred to Rules Committee
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Kent Gaffney
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Paul Evans
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  2/28/2012HouseAdded Chief Co-Sponsor Rep. Wayne Rosenthal
  2/28/2012HouseAdded Co-Sponsor Rep. Kay Hatcher
  2/28/2012HouseAdded Co-Sponsor Rep. Mike Bost
  3/1/2012HouseAdded Co-Sponsor Rep. Richard Morthland
  1/8/2013HouseSession Sine Die

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