Bill Status of HB5527

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HB5527 - 104th General Assembly

INC TAX-R AND D CREDIT
Last Action
2/13/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Brandun Schweizer and Tony M. McCombie
Statutes Amended In Order of Appearance
35 ILCS 5/201
Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the amount of the research and development credit by calculating the increase in the taxpayer's research activities in the State over 50% (currently, 100%) of the qualifying expenditures for the base period. Effective immediately.
Actions
Date Chamber Action
2/06/2026 House Filed with the Clerk by Rep. Brandun Schweizer
2/13/2026 House First Reading
2/13/2026 House Referred to Rules Committee
3/02/2026 House Added Co-Sponsor Rep. Tony M. McCombie