Illinois General Assembly - Bill Status for SB1905
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 Bill Status of SB1905  101st General Assembly


Short Description:  INC TX-R AND D CREDIT

Senate Sponsors
Sen. Melinda Bush

Last Action
DateChamber Action
  1/13/2021SenateSession 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 applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 taxable years (currently, 5 taxable years). Makes changes concerning the calculation of the credit. Effective immediately.

Actions 
DateChamber Action
  2/15/2019SenateFiled with Secretary by Sen. Melinda Bush
  2/15/2019SenateFirst Reading
  2/15/2019SenateReferred to Assignments
  2/27/2019SenateAssigned to Revenue
  3/6/2019SenateTo Subcommittee on Tax Exemptions and Credits
  3/22/2019SenateRule 2-10 Committee Deadline Established As March 28, 2019
  3/28/2019SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2021SenateSession Sine Die

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