Illinois General Assembly - Bill Status for HB0450
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 Bill Status of HB0450  97th General Assembly

Short Description:  INC TX-R AND D CREDIT

House Sponsors
Rep. Margo McDermed, Anthony DeLuca, Martin J. Moylan, Silvana Tabares and Natalie A. Manley

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from 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 research and development credit applies for all tax years ending on or after December 31, 2004, including, but not limited to, the period beginning on January 1, 2016 and ending on the effective date of the amendatory Act (currently, the credit sunsets on December 31, 2015). Effective immediately.

DateChamber Action
  1/13/2017HouseFiled with the Clerk by Rep. Margo McDermed
  1/17/2017HouseFirst Reading
  1/17/2017HouseReferred to Rules Committee
  2/2/2017HouseAssigned to Revenue & Finance Committee
  2/23/2017HouseAdded Co-Sponsor Rep. Anthony DeLuca
  2/24/2017HouseTo Growth, Reform & Fairness Subcommittee
  3/3/2017HouseAdded Co-Sponsor Rep. Martin J. Moylan
  3/3/2017HouseAdded Co-Sponsor Rep. Silvana Tabares
  3/10/2017HouseAdded Co-Sponsor Rep. Natalie A. Manley
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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