SB 3453

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Inc Tx-R And D Credit

Abstract

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.

Bill Sponsors (2)

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Jan 10, 2023

Senate

Session Sine Die

Mar 08, 2022

Senate

Added as Co-Sponsor Sen. Suzy Glowiak Hilton

Feb 10, 2022

Senate

Rule 3-9(a) / Re-referred to Assignments

Feb 01, 2022

Senate

Assigned to Revenue

Jan 18, 2022

Senate

Filed with Secretary by Sen. Donald P. DeWitte

Senate

Referred to Assignments

Senate

First Reading

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