IL HB5527 | 2025-2026 | 104th General Assembly

Status

Sponsorship: Partisan Bill (Republican 2)
Status: Introduced on February 6 2026 - 25% progression, died in committee
Action: 2026-03-02 - Added Co-Sponsor Rep. Tony M. McCombie
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Increases the amount of the research and development credit by calculating the increase in the taxpayer's research activities in the State over 50% (currently, 100%) of the qualifying expenditures for the base period. Effective immediately.

Tracking Information

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Title

INC TAX-R AND D CREDIT

Sponsors


History

DateChamberAction
2026-03-02HouseAdded Co-Sponsor Rep. Tony M. McCombie
2026-02-13HouseReferred to Rules Committee
2026-02-13HouseFirst Reading
2026-02-06HouseFiled with the Clerk by Rep. Brandun Schweizer

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355201Amended CodeCitation Text

Illinois State Sources


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