SB3791 - 104th General Assembly (2025-2026)

INC TX-INNOVATION CREDIT
Last Action
2/05/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Donald P. DeWitte
Statutes Amended In Order of Appearance
35 ILCS 5/201  
Synopsis As Introduced
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.
Actions
DateChamberAction
2/05/2026SenateFiled with Secretary by Sen. Donald P. DeWitte
2/05/2026SenateFirst Reading
2/05/2026SenateReferred to Assignments