Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

from Ch. 120, par. 2-201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the research and development credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Increases the amount of the research and development credit by providing that the increase in qualifying expenditures shall be an increase over 50% (instead of 100%) of the average of the qualifying expenditures for each year in the base period.

Actions 

Date	Chamber	Action
2/14/2014	Senate	Filed with Secretary by Sen. Dan Kotowski
2/14/2014	Senate	First Reading
2/14/2014	Senate	Referred to Assignments
2/25/2014	Senate	Assigned to Revenue
2/27/2014	Senate	To Subcommittee on Tax Credits
3/10/2014	Senate	Added as Chief Co-Sponsor Sen. Don Harmon
3/28/2014	Senate	Rule 3-9(a) / Re-referred to Assignments
3/28/2014	Senate	Added as Chief Co-Sponsor Sen. Pamela J. Althoff
1/13/2015	Senate	Session Sine Die

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