INCOME TAX-R AND D CREDIT
Summary
Amends the Illinois Income Tax Act. Provides that the research and development credit applies for taxable years ending prior to January 1, 2027 (currently, January 1, 2016). Provides that the research and development credit may be carried forward for a period of 20 taxable years (now, 5 taxable years) or carried back for one taxable year. Provides that the research and development credit is exempt from the Act's automatic sunset provision.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2017
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2017
Last action Jan 8, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
4
Jan 8, 2019
House · Failed
Session Sine Die
Mar 31, 2017
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 9, 2017
House · Reported by committee
To Growth, Reform & Fairness Subcommittee
Feb 22, 2017
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 8, 2017
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Steven A. Andersson
RRepublican
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