SB 3875

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • 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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May 15, 2020

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020

May 07, 2020

Senate

Rule 2-10 Committee Deadline Established As May 22, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020

Apr 30, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020

Senate

Rule 2-10 Committee Deadline Established As May 15, 2020

Apr 23, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020

Senate

Rule 2-10 Committee Deadline Established As May 7, 2020

Apr 16, 2020

Senate

Rule 2-10 Committee Deadline Established As April 30, 2020

Apr 12, 2020

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Mar 25, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020

Senate

Rule 2-10 Committee Deadline Established As April 24, 2020

Mar 18, 2020

Senate

Rule 2-10 Committee Deadline Established As April 2, 2020

Mar 12, 2020

Senate

Assigned to Revenue

Mar 03, 2020

Senate

Added as Co-Sponsor Sen. Jason A. Barickman

Feb 27, 2020

Senate

Added as Co-Sponsor Sen. David Koehler

Feb 25, 2020

Senate

Added as Chief Co-Sponsor Sen. Melinda Bush

Feb 18, 2020

Senate

Added as Chief Co-Sponsor Sen. Donald P. DeWitte

Feb 14, 2020

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Ram Villivalam

Bill Text

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