INC TX-INNOVATION CREDIT Senate SponsorsSen. Donald P. DeWitte 2/24/2026SenateAssigned to Revenue 35 ILCS 5/201Amends 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. 2/5/2026SenateFiled with Secretary by Sen. Donald P. DeWitte 2/5/2026SenateFirst Reading 2/5/2026SenateReferred to Assignments 2/24/2026SenateAssigned to Revenue 3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026