Michael J. Zalewski
- Democratic
Primary
Amends the Illinois Income Tax Act. Provides that the research and development credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Increases the amount of the research and development credit by providing that the increase in qualifying expenditures shall be an increase over 50% (instead of 100%) of the average of the qualifying expenditures for each year in the base period. Effective immediately.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Added Chief Co-Sponsor Rep. David R. Leitch
Assigned to Revenue & Finance Committee
Filed with the Clerk by Rep. Michael J. Zalewski
Referred to Rules Committee
First Reading
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