<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3163   </title>
<shortdesc>INC TAX-ALTERNATE R &amp; D CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jay C. Hoffman</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference>from Ch. 120, par. 2-201</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Authorizes an alternative method of computation of the research and development credit based on the federal alternative credit under the Internal Revenue Code. Extends the research and development credit to include costs incurred through December 31, 2009 (now, 2004).</SynopsisText></synopsis>
<actions>
<statusdate>2/27/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jay C. Hoffman</action>
<statusdate>2/27/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/27/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2003</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

