Chuck Weaver
- Republican
Primary
Amends the Illinois Income Tax Act. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year in the base period (instead of 100% of the average of the qualifying expenditures for each year in the base period). Provides that the research and development credit applies on a permanent basis. Effective immediately.
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Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As March 28, 2019
To Subcommittee on Tax Exemptions and Credits
Postponed - Revenue
Added as Co-Sponsor Sen. Jason A. Barickman
Filed with Secretary by Sen. Chuck Weaver
Assigned to Revenue
Referred to Assignments
First Reading
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