Matt Murphy
- Republican
Primary
Amends the Illinois Income Tax Act. Reinstates the research and development credit for taxable years ending prior to January 1, 2018 (now, January 1, 2016). Increases the amount of the research and development credit from 6.5% to 8% of the qualifying expenditures for increasing research activities in this State for taxable years ending on or after December 31, 2013. Effective immediately.
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Session Sine Die
Rule 3-9(a) / Re-referred to Assignments
To Subcommittee on Tax Credits
Assigned to Revenue
Filed with Secretary by Sen. Matt Murphy
Referred to Assignments
First Reading
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