INC TX-INNOVATION CREDIT
Summary
Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obtained a research and development credit with respect to his or her federal income taxes to qualify for the Illinois research and development credit.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2023
Last action Mar 15, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
13
Key actions
0
Committee
5
Mar 15, 2024
Committee
Rule 3-9(a) / Re-referred to Assignments
lower
Jan 10, 2024
Committee
Re-assigned to Revenue
lower
Mar 10, 2023
Committee
Rule 3-9(a) / Re-referred to Assignments
lower
Feb 28, 2023
Committee
Assigned to Revenue
lower
Feb 9, 2023
Committee
Referred to Assignments
lower
1 primary · 6 co-sponsors
Sponsors
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