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: Bipartisan Bill

Status: (Introduced - Dead) 2022-03-08 - Added as Co-Sponsor Sen. Suzy Glowiak Hilton [SB3453 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2022-01-18	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3453

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3453 currently on file.