Bill Status of HB1749 95th General Assembly
Short Description: INC TX-R & D CREDIT
Rep. James H. Meyer, Kurt M. Granberg, Harry Osterman, Elga L. Jefferies and Patrick J Verschoore
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the amount of the research and development credit from 6.5% to 10% of the qualifying expenditures for increasing research activities in this State for taxable years ending on or after December 31, 2007. effective immediately.