Bill Texts: IL HB5439 | 2013-2014 | 98th General Assembly
Bill Title: Amends the Illinois Income Tax Act. Provides that the research and development credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Increases the amount of the research and development credit by providing that the increase in qualifying expenditures shall be an increase over 50% (instead of 100%) of the average of the qualifying expenditures for each year in the base period. Effective immediately.
Spectrum: Partisan Bill (Republican 4-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB5439 Detail]
Spectrum: Partisan Bill (Republican 4-0)
Status: (Failed) 2014-12-03 - Session Sine Die [HB5439 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
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Introduced | 2014-02-11 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
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No bill amendments currently on file for Illinois HB5439 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
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No supplemental documents for Illinois HB5439 currently on file. |