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SB 1842 Illinois Senate · 97th Regular Session

INC TX-R & D CREDIT

Summary
Amends the Illinois Income Tax Act. Reinstates the research and development credit for taxable years ending prior to January 1, 2016 (now, January 1, 2011). 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, 2011. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2011
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2011 Last action Jan 8, 2013
Floor votes

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Full legislative history

Actions timeline

Total actions
8
Key actions
1
Committee
4
Mar 18, 2011
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Mar 10, 2011
Upper · Passed
To Revenue Subcommittee on Tax Credits
upper
Mar 2, 2011
Committee
Assigned to Revenue
upper
Feb 9, 2011
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

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