Bill Title: 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.
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: (Introduced - Dead) 2026-03-05 - Added as Co-Sponsor Sen. Darby A. Hills
[SB2390 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2025-02-07 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB2390 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB2390 currently on file. |
