Illinois General Assembly - Bill Status for SB1672

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
2/13/2013	Senate	Filed with Secretary by Sen. Matt Murphy
2/13/2013	Senate	First Reading
2/13/2013	Senate	Referred to Assignments
2/27/2013	Senate	Assigned to Revenue
3/6/2013	Senate	To Subcommittee on Tax Credits
3/22/2013	Senate	Rule 3-9(a) / Re-referred to Assignments
1/13/2015	Senate	Session Sine Die