Bill Status of HB2438  100th General Assembly


Short Description:  INCOME TAX-R AND D CREDIT

House Sponsors
Rep. Steven A. Andersson - David S. Olsen

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the research and development credit applies for taxable years ending prior to January 1, 2027 (currently, January 1, 2016). Provides that the research and development credit may be carried forward for a period of 20 taxable years (now, 5 taxable years) or carried back for one taxable year. Provides that the research and development credit is exempt from the Act's automatic sunset provision.

Actions 
DateChamber Action
  2/6/2017HouseFiled with the Clerk by Rep. Steven A. Andersson
  2/8/2017HouseFirst Reading
  2/8/2017HouseReferred to Rules Committee
  2/9/2017HouseAdded Chief Co-Sponsor Rep. David S. Olsen
  2/22/2017HouseAssigned to Revenue & Finance Committee
  3/9/2017HouseTo Growth, Reform & Fairness Subcommittee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die