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 taxable years (currently, 5 taxable years). Makes changes concerning the calculation of the credit. Effective immediately.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Failed) 2021-01-13 - Session Sine Die
[SB1905 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2019-02-15 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois SB1905 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois SB1905 currently on file. |
