Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of SB1672  100th General Assembly


Short Description:  INC TX-R & D CREDIT

Senate Sponsors
Sen. Matt Murphy

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201


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 
DateChamber Action
  2/13/2013SenateFiled with Secretary by Sen. Matt Murphy
  2/13/2013SenateFirst Reading
  2/13/2013SenateReferred to Assignments
  2/27/2013SenateAssigned to Revenue
  3/6/2013SenateTo Subcommittee on Tax Credits
  3/22/2013SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

Back To Top