HB5527 - 104th General Assembly (2025-2026)
INC TAX-R AND D CREDIT
Last Action
2/13/2026 - House: Referred to Rules Committee
Statutes Amended In Order of Appearance
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 |