HB 5667

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

Inc Tx-Research And Develop

Abstract

Amends the Illinois Income Tax Act. Provides that, in the case of qualifying expenditures related to (i) clean energy technology, (ii) waste reduction, (iii) recycling, (iv) emissions reduction, (v) environmental sustainability, or (vi) biodegradable or compostable products, the research and development credit shall be 13% (currently, 6.5%) of the qualifying expenditures. Effective immediately.

Bill Sponsors (4)

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Jun 23, 2020

House

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

Jun 02, 2020

House

Added Co-Sponsor Rep. Terra Costa Howard

House

Added Co-Sponsor Rep. Mary Edly-Allen

May 22, 2020

House

Added Co-Sponsor Rep. Jonathan "Yoni" Pizer

Mar 12, 2020

House

Assigned to Revenue & Finance Committee

Feb 18, 2020

House

Referred to Rules Committee

House

First Reading

Feb 14, 2020

House

Filed with the Clerk by Rep. Steven Reick

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