Illinois General Assembly - Bill Status for HB6745

Illinois General Assembly - Bill Status for HB6745

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Bill Status of HB6745 93rd General Assembly

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Short Description: INC TAX-RESEARCH CREDIT

House Sponsors
Rep. Eileen Lyons - Patricia Reid Lindner - William B. Black - Patricia R. Bellock - Suzanne Bassi, Jim Sacia, Angelo Saviano, Ed Sullivan, Jr., James H. Meyer, Rich Brauer, David R. Leitch, John J. Millner, Carolyn H. Krause, Terry R. Parke, Raymond Poe, Wyvetter H. Younge, Ruth Munson, Rosemary Mulligan, Elizabeth Coulson, Sandra M. Pihos, Paul D. Froehlich, Donald L. Moffitt and Sidney H. Mathias

Senate Sponsors
(Sen. Carol Ronen - Christine Radogno and Jeffrey M. Schoenberg)

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

from Ch. 120, par. 2-201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reinstates the research and development credit beginning with taxable years ending on or after July 1, 2004 with changes. Provides that the credit is equal to 6.5% of the qualifying expenditures for research activities paid or incurred in this State during the taxable year. Provides that "qualifying expenditures for research activities" means those expenses defined as "qualified research expenses" under Section 41(b) of the Internal Revenue Code. Exempts the credit from the sunset requirements of the Act. Effective immediately.

Actions

Date	Chamber	Action
2/9/2004	House	Filed with the Clerk by Rep. Eileen Lyons
2/9/2004	House	First Reading
2/9/2004	House	Referred to Rules Committee
2/10/2004	House	Added Chief Co-Sponsor Rep. Patricia Reid Lindner
2/10/2004	House	Added Chief Co-Sponsor Rep. Patricia R. Bellock
2/13/2004	House	Added Chief Co-Sponsor Rep. Suzanne Bassi
2/20/2004	House	Assigned to Revenue Committee
2/25/2004	House	Added Chief Co-Sponsor Rep. Raymond Poe
2/25/2004	House	Added Co-Sponsor Rep. Jim Sacia
2/25/2004	House	Added Co-Sponsor Rep. Angelo Saviano
2/25/2004	House	Added Co-Sponsor Rep. Ed Sullivan, Jr.
2/25/2004	House	Added Co-Sponsor Rep. James H. Meyer
2/25/2004	House	Added Co-Sponsor Rep. Rich Brauer
3/4/2004	House	Do Pass / Short Debate Revenue Committee; 009-000-000
3/4/2004	House	Placed on Calendar 2nd Reading - Short Debate
3/23/2004	House	Added Co-Sponsor Rep. David R. Leitch
3/23/2004	House	Added Co-Sponsor Rep. John J. Millner
3/23/2004	House	Added Co-Sponsor Rep. Carolyn H. Krause
3/23/2004	House	Second Reading - Short Debate
3/23/2004	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/24/2004	House	Added Co-Sponsor Rep. Terry R. Parke
3/24/2004	House	Added Chief Co-Sponsor Rep. William B. Black
3/24/2004	House	Sponsor Removed Rep. Raymond Poe
3/24/2004	House	Added Co-Sponsor Rep. Raymond Poe
3/24/2004	House	Added Co-Sponsor Rep. Wyvetter H. Younge
3/24/2004	House	Added Co-Sponsor Rep. Ruth Munson
3/24/2004	House	Added Co-Sponsor Rep. Rosemary Mulligan
3/24/2004	House	Added Co-Sponsor Rep. Elizabeth Coulson
3/24/2004	House	Added Co-Sponsor Rep. Sandra M. Pihos
3/24/2004	House	Added Co-Sponsor Rep. Paul D. Froehlich
3/24/2004	House	Added Co-Sponsor Rep. Donald L. Moffitt
3/24/2004	House	Added Co-Sponsor Rep. Sidney H. Mathias
3/24/2004	House	Third Reading - Short Debate - Passed 076-032-007
3/24/2004	Senate	Arrive in Senate
3/24/2004	Senate	Placed on Calendar Order of First Reading March 25, 2004
3/24/2004	Senate	Chief Senate Sponsor Sen. Carol Ronen
3/25/2004	Senate	Added as Alternate Chief Co-Sponsor Sen. Christine Radogno
3/25/2004	Senate	First Reading
3/25/2004	Senate	Referred to Rules
4/15/2004	Senate	Assigned to Revenue
4/20/2004	Senate	Added as Alternate Co-Sponsor Sen. Jeffrey M. Schoenberg
4/22/2004	Senate	Held in Revenue
4/30/2004	Senate	Rule 3-9(a) / Re-referred to Rules
1/11/2005	House	Session Sine Die