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.
Sponsorship: Partisan Bill (Republican 3)
Status: (Failed) 2025-01-07 - Session Sine Die
[HB3003 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2023-02-16 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB3003 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB3003 currently on file. |
