Illinois General Assembly - Bill Status for HB0074
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 Bill Status of HB0074  96th General Assembly


Short Description:  INC TX-PATENT DEDUCTIONS

House Sponsors
Rep. Robert F. Flider - Naomi D. Jakobsson

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to a percentage of the licensing fees, royalties, receipts, and income from a patent issued after December 31, 2008 for an invention resulting from a development process conducted in Illinois. Effective immediately.

Actions 
DateChamber Action
  1/9/2009HousePrefiled with Clerk by Rep. Robert F. Flider
  1/14/2009HouseFirst Reading
  1/14/2009HouseReferred to Rules Committee
  2/4/2009HouseAssigned to Revenue & Finance Committee
  3/10/2009HouseAdded Chief Co-Sponsor Rep. Naomi D. Jakobsson
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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