Elgie Sims
- Democratic
- Senator
- District 17
Primary
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall award income tax credits in an amount equal to 13% of the qualifying quantum information science expenditures made by the taxpayer during the taxable year. Amends the Illinois Income Tax Act to make conforming changes. Further amends the Illinois Income Tax Act to extend the research and development credit to tax years ending before January 1, 2037 (currently, January 1, 2027). Effective immediately.
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Added as Chief Co-Sponsor Sen. Celina Villanueva
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As May 3, 2024
Rule 2-10 Committee Deadline Established As April 5, 2024
Assigned to Revenue
Filed with Secretary by Sen. Elgie R. Sims, Jr.
Referred to Assignments
First Reading
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