Bill Title: Amends the Illinois Income Tax Act. Provides that the research and development credit is effective for all taxable years ending on or after December 31, 2004 and is not subject to the Act's automatic sunset provisions. Provides that amounts paid or incurred for ethanol and biodiesel research are included in the definition of "qualified expenditure". Effective immediately.

Spectrum: Moderate Partisan Bill (Republican 7-1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB5795 Detail]

Text: Latest bill text (Introduced) [HTML]

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