Illinois General Assembly - Bill Status for HB5359
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 Bill Status of HB5359  101st General Assembly

Short Description:  INC TX-INNOVATION CREDIT

House Sponsors
Rep. Martin J. Moylan, Ryan Spain, Mark Batinick, Jay Hoffman and Jonathan "Yoni" Pizer

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obtained a research and development credit with respect to his or her federal income taxes to qualify for the Illinois research and development credit.

Actions 
DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Martin J. Moylan
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/18/2020HouseAdded Co-Sponsor Rep. Ryan Spain
  2/27/2020HouseAdded Co-Sponsor Rep. Mark Batinick
  3/5/2020HouseAdded Co-Sponsor Rep. Jay Hoffman
  3/17/2020HouseAssigned to Revenue & Finance Committee
  5/21/2020HouseAdded Co-Sponsor Rep. Jonathan "Yoni" Pizer
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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