SB 163

  • Illinois Senate Bill
  • 103rd 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 (7)

Votes


No votes to display

Actions


Mar 15, 2024

Senate

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

Jan 26, 2024

Senate

Added as Co-Sponsor Sen. Neil Anderson

Jan 10, 2024

Senate

Re-assigned to Revenue

Apr 17, 2023

Senate

Added as Co-Sponsor Sen. Craig Wilcox

Mar 29, 2023

Senate

Added as Co-Sponsor Sen. Win Stoller

Mar 28, 2023

Senate

Added as Co-Sponsor Sen. Dave Syverson

Mar 22, 2023

Senate

Added as Co-Sponsor Sen. Sally J. Turner

Mar 21, 2023

Senate

Added as Co-Sponsor Sen. Dale Fowler

Mar 10, 2023

Senate

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

Jan 31, 2023

Senate

Filed with Secretary by Sen. Donald P. DeWitte

Senate

Assigned to Revenue

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.