Eileen Lyons
- Republican
Primary
Amends the Illinois Income Tax Act. Reinstates the research and development credit beginning with taxable years ending on or after July 1, 2004 with changes. Provides that the credit is equal to 6.5% of the qualifying expenditures for research activities paid or incurred in this State during the taxable year. Provides that "qualifying expenditures for research activities" means those expenses defined as "qualified research expenses" under Section 41(b) of the Internal Revenue Code. Exempts the credit from the sunset requirements of the Act. Effective immediately.
Session Sine Die
Rule 3-9(a) / Re-referred to Rules
Held in Revenue
Added as Alternate Co-Sponsor Sen. Jeffrey M. Schoenberg
Assigned to Revenue
First Reading
Referred to Rules
Added as Alternate Chief Co-Sponsor Sen. Christine Radogno
Added Co-Sponsor Rep. Elizabeth Coulson
Added Co-Sponsor Rep. Terry R. Parke
Added Chief Co-Sponsor Rep. William B. Black
Sponsor Removed Rep. Raymond Poe
Added Co-Sponsor Rep. Raymond Poe
Added Co-Sponsor Rep. Wyvetter H. Younge
Added Co-Sponsor Rep. Ruth Munson
Added Co-Sponsor Rep. Rosemary Mulligan
Added Co-Sponsor Rep. Sandra M. Pihos
Added Co-Sponsor Rep. Paul D. Froehlich
Added Co-Sponsor Rep. Donald L. Moffitt
Added Co-Sponsor Rep. Sidney H. Mathias
Third Reading - Short Debate - Passed 076-032-007
Arrive in Senate
Placed on Calendar Order of First Reading March 25, 2004
Chief Senate Sponsor Sen. Carol Ronen
Placed on Calendar Order of 3rd Reading - Short Debate
Added Co-Sponsor Rep. David R. Leitch
Added Co-Sponsor Rep. John J. Millner
Added Co-Sponsor Rep. Carolyn H. Krause
Second Reading - Short Debate
Do Pass / Short Debate Revenue Committee; 009-000-000
Placed on Calendar 2nd Reading - Short Debate
Added Co-Sponsor Rep. James H. Meyer
Added Co-Sponsor Rep. Rich Brauer
Added Co-Sponsor Rep. Jim Sacia
Added Co-Sponsor Rep. Ed Sullivan, Jr.
Added Chief Co-Sponsor Rep. Raymond Poe
Added Co-Sponsor Rep. Angelo Saviano
Assigned to Revenue Committee
Added Chief Co-Sponsor Rep. Suzanne Bassi
Added Chief Co-Sponsor Rep. Patricia R. Bellock
Added Chief Co-Sponsor Rep. Patricia Reid Lindner
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Eileen Lyons
| Bill Text Versions | Format |
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| Introduced | HTML |
| Engrossed | HTML |
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| No related documents. |
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