INC TX-R AND D CREDIT
Summary
Amends the Illinois Income Tax Act. Makes changes concerning the calculation of the research and development credit by providing that, for tax years ending on or after December 31, 2018, "qualifying expenditures for the base period" means 50% (currently, 100%) of the average of the qualifying expenditures for each year in the base period. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2018
Last action Jan 9, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 9, 2019
Senate · Failed
Session Sine Die
Apr 27, 2018
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Apr 13, 2018
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 27, 2018
Feb 27, 2018
Senate · Referred to committee
Assigned to Revenue
Feb 16, 2018
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Chuck Weaver
RRepublican
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