IL SB0163 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 7-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 7-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year in the base period (instead of 100% of the average of the qualifying expenditures for each year in the base period). Provides that the research and development credit applies on a permanent basis. Effective immediately.
Title
INC TX-R AND D CREDIT
Sponsors
| Sen. Donald DeWitte [R] | Sen. Dale Fowler [R] | Sen. Sally Turner [R] | Sen. Dave Syverson [R] |
| Sen. Win Stoller [R] | Sen. Craig Wilcox [R] | Sen. Neil Anderson [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-07 | Senate | Session Sine Die |
| 2024-03-15 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-01-26 | Senate | Added as Co-Sponsor Sen. Neil Anderson |
| 2024-01-10 | Senate | Re-assigned to Revenue |
| 2023-04-17 | Senate | Added as Co-Sponsor Sen. Craig Wilcox |
| 2023-03-29 | Senate | Added as Co-Sponsor Sen. Win Stoller |
| 2023-03-28 | Senate | Added as Co-Sponsor Sen. Dave Syverson |
| 2023-03-22 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 2023-03-21 | Senate | Added as Co-Sponsor Sen. Dale Fowler |
| 2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2023-01-31 | Senate | Assigned to Revenue |
| 2023-01-31 | Senate | Referred to Assignments |
| 2023-01-31 | Senate | First Reading |
| 2023-01-31 | Senate | Filed with Secretary by Sen. Donald P. DeWitte |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=163&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB0163.htm |
