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, 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.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 13, 2013
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 13, 2015
Senate · Failed
Session Sine Die
Mar 22, 2013
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 6, 2013
Senate · Reported by committee
To Subcommittee on Tax Credits
Feb 27, 2013
Senate · Referred to committee
Assigned to Revenue
Feb 13, 2013
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Matt Murphy
RRepublican
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