Bill Title: 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.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Failed) 2021-01-13 - Session Sine Die
[SB3723 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
Introduced | 2020-02-14 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
No bill amendments currently on file for Illinois SB3723 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
No supplemental documents for Illinois SB3723 currently on file. |
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