IL SB2084 | 2023-2024 | 103rd General Assembly

Illinois Senate Bill 2084

IL State Legislature page for SB2084

Status

Spectrum: Partisan Bill (Republican 7-0)
Status: Introduced on February 9 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obtained a research and development credit with respect to his or her federal income taxes to qualify for the Illinois research and development credit.

Title

INC TX-INNOVATION CREDIT

History

Date	Chamber	Action
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
2023-07-18	Senate	Added as Co-Sponsor Sen. Sally J. Turner
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
2023-03-21	Senate	Added as Co-Sponsor Sen. Dale Fowler
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-02-28	Senate	Assigned to Revenue
2023-02-09	Senate	Referred to Assignments
2023-02-09	Senate	First Reading
2023-02-09	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=2084&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB2084.htm