Dan Kotowski
- 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.
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Session Sine Die
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Added as Chief Co-Sponsor Sen. Julie A. Morrison
Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
Added as Co-Sponsor Sen. David Koehler
Rule 2-10 Committee Deadline Established As April 24, 2015
To Subcommittee on Tax Credits
Assigned to Revenue
Filed with Secretary by Sen. Dan Kotowski
Referred to Assignments
First Reading
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