IL SB2390 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: Introduced on February 7 2025 - 25% progression, died in committee
Action: 2026-03-05 - Added as Co-Sponsor Sen. Darby A. Hills
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 7 2025 - 25% progression, died in committee
Action: 2026-03-05 - Added as Co-Sponsor Sen. Darby A. Hills
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
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-03-05 | Senate | Added as Co-Sponsor Sen. Darby A. Hills |
| 2025-06-02 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2025-05-23 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 |
| 2025-05-09 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 |
| 2025-04-11 | Senate | Rule 2-10 Committee Deadline Established As May 9, 2025 |
| 2025-04-04 | Senate | Added as Co-Sponsor Sen. Ram Villivalam |
| 2025-03-21 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2025 |
| 2025-03-04 | Senate | Assigned to Revenue |
| 2025-02-07 | Senate | Referred to Assignments |
| 2025-02-07 | Senate | First Reading |
| 2025-02-07 | 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 |
