Bill Status of HB1749  95th General Assembly

Short Description:  INC TX-R & D CREDIT

House Sponsors
Rep. James H. Meyer, Kurt M. Granberg, Harry Osterman, Elga L. Jefferies and Patrick J Verschoore

Last Action
DateChamber Action
  1/13/2009HouseSession 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 10% of the qualifying expenditures for increasing research activities in this State for taxable years ending on or after December 31, 2007. effective immediately.

DateChamber Action
  2/23/2007HouseFiled with the Clerk by Rep. James H. Meyer
  2/23/2007HouseFirst Reading
  2/23/2007HouseReferred to Rules Committee
  2/27/2007HouseAssigned to Revenue Committee
  3/8/2007HouseAdded Co-Sponsor Rep. Kurt M. Granberg
  3/8/2007HouseAdded Co-Sponsor Rep. Harry Osterman
  3/8/2007HouseAdded Co-Sponsor Rep. Elga L. Jefferies
  3/8/2007HouseAdded Co-Sponsor Rep. Patrick J Verschoore
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die