IL HB0450 | 2017-2018 | 100th General Assembly

Illinois House Bill 450 (Prior Session Legislation)

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Title

INC TX-R AND D CREDIT

History

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-03-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-03-10	House	Added Co-Sponsor Rep. Natalie A. Manley
2017-03-03	House	Added Co-Sponsor Rep. Silvana Tabares
2017-03-03	House	Added Co-Sponsor Rep. Martin J. Moylan
2017-02-24	House	To Growth, Reform & Fairness Subcommittee
2017-02-23	House	Added Co-Sponsor Rep. Anthony DeLuca
2017-02-02	House	Assigned to Revenue & Finance Committee
2017-01-17	House	Referred to Rules Committee
2017-01-17	House	First Reading
2017-01-13	House	Filed with the Clerk by Rep. Margo McDermed

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=450&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB0450.htm