Mark Walker
- Democratic
- Senator
- District 27
Primary
Amends the Illinois Income Tax Act. Provides that the research and development credit applies for taxable years ending prior to January 1, 2037 (currently, January 1, 2027). Provides that, in the case of qualifying quantum information science expenditures, the research and development credit shall be equal to 13% of the qualifying expenditures for increasing research activities in the State (currently, 6.5%). Provides that certain qualified startup taxpayers may elect to claim the credit against their obligation to pay withholding taxes. Effective immediately.
No votes to display
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Rule 19(a) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
House Committee Amendment No. 1 Referred to Rules Committee
To Revenue-Income Tax Subcommittee
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Mark L. Walker
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| House Amendment 001 | HTML PDF |
| Document | Format |
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| No related documents. |
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