Bill Status of SB1671  96th General Assembly

Short Description:  INC TX-R & D CREDIT

Senate Sponsors
Sen. Matt Murphy - Pamela J. Althoff

Last Action
DateChamber Action
  1/12/2011SenateSession 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. Increases the amount of the research and development credit from 6.5% to 8% of the qualifying expenditures for increasing research activities in this State for taxable years ending on or after December 31, 2009. Effective immediately.

Actions 
DateChamber Action
  2/19/2009SenateFiled with Secretary by Sen. Matt Murphy
  2/19/2009SenateFirst Reading
  2/19/2009SenateReferred to Assignments
  2/20/2009SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  3/4/2009SenateAssigned to Revenue
  3/12/2009SenateTo Revenue Subcommittee on Special Issues
  3/13/2009SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die