HB 5359

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Innovation Credit

Abstract

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 Sponsors (5)

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Jun 23, 2020

House

Rule 19(b) / Re-referred to Rules Committee

May 21, 2020

House

Added Co-Sponsor Rep. Jonathan "Yoni" Pizer

Mar 17, 2020

House

Assigned to Revenue & Finance Committee

Mar 05, 2020

House

Added Co-Sponsor Rep. Jay Hoffman

Feb 27, 2020

House

Added Co-Sponsor Rep. Mark Batinick

Feb 18, 2020

House

Added Co-Sponsor Rep. Ryan Spain

House

Referred to Rules Committee

House

First Reading

Feb 14, 2020

House

Filed with the Clerk by Rep. Martin J. Moylan

Bill Text

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Sources

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