INC TAX-RESEARCH CREDIT House SponsorsRep. Eileen Lyons-Patricia Reid Lindner-William B. Black-Patricia R. Bellock-Suzanne Bassi, Jim Sacia, Angelo Saviano, Ed Sullivan, Jr., James H. Meyer, Rich Brauer, David R. Leitch, John J. Millner, Carolyn H. Krause, Terry R. Parke, Raymond Poe, Wyvetter H. Younge, Ruth Munson, Rosemary Mulligan, Elizabeth Coulson, Sandra M. Pihos, Paul D. Froehlich, Donald L. Moffitt and Sidney H. Mathias Senate Sponsors(Sen. Carol Ronen-Christine Radogno and Jeffrey M. Schoenberg) 1/11/2005HouseSession Sine Die 35 ILCS 5/201from Ch. 120, par. 2-201 Amends the Illinois Income Tax Act. Reinstates the research and development credit beginning with taxable years ending on or after July 1, 2004 with changes. Provides that the credit is equal to 6.5% of the qualifying expenditures for research activities paid or incurred in this State during the taxable year. Provides that "qualifying expenditures for research activities" means those expenses defined as "qualified research expenses" under Section 41(b) of the Internal Revenue Code. Exempts the credit from the sunset requirements of the Act. Effective immediately. 2/9/2004HouseFiled with the Clerk by Rep. Eileen Lyons 2/9/2004HouseFirst Reading 2/9/2004HouseReferred to Rules Committee 2/10/2004HouseAdded Chief Co-Sponsor Rep. Patricia Reid Lindner 2/10/2004HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock 2/13/2004HouseAdded Chief Co-Sponsor Rep. Suzanne Bassi 2/20/2004HouseAssigned to Revenue Committee 2/25/2004HouseAdded Chief Co-Sponsor Rep. Raymond Poe 2/25/2004HouseAdded Co-Sponsor Rep. Jim Sacia 2/25/2004HouseAdded Co-Sponsor Rep. Angelo Saviano 2/25/2004HouseAdded Co-Sponsor Rep. Ed Sullivan, Jr. 2/25/2004HouseAdded Co-Sponsor Rep. James H. Meyer 2/25/2004HouseAdded Co-Sponsor Rep. Rich Brauer 3/4/2004HouseDo Pass / Short Debate Revenue Committee; 009-000-000 3/4/2004HousePlaced on Calendar 2nd Reading - Short Debate 3/23/2004HouseAdded Co-Sponsor Rep. David R. Leitch 3/23/2004HouseAdded Co-Sponsor Rep. John J. Millner 3/23/2004HouseAdded Co-Sponsor Rep. Carolyn H. Krause 3/23/2004HouseSecond Reading - Short Debate 3/23/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/24/2004HouseAdded Co-Sponsor Rep. Terry R. Parke 3/24/2004HouseAdded Chief Co-Sponsor Rep. William B. Black 3/24/2004HouseSponsor Removed Rep. Raymond Poe 3/24/2004HouseAdded Co-Sponsor Rep. Raymond Poe 3/24/2004HouseAdded Co-Sponsor Rep. Wyvetter H. Younge 3/24/2004HouseAdded Co-Sponsor Rep. Ruth Munson 3/24/2004HouseAdded Co-Sponsor Rep. Rosemary Mulligan 3/24/2004HouseAdded Co-Sponsor Rep. Elizabeth Coulson 3/24/2004HouseAdded Co-Sponsor Rep. Sandra M. Pihos 3/24/2004HouseAdded Co-Sponsor Rep. Paul D. Froehlich 3/24/2004HouseAdded Co-Sponsor Rep. Donald L. Moffitt 3/24/2004HouseAdded Co-Sponsor Rep. Sidney H. Mathias 3/24/2004HouseThird Reading - Short Debate - Passed 076-032-007 3/24/2004SenateArrive in Senate 3/24/2004SenatePlaced on Calendar Order of First Reading March 25, 2004 3/24/2004SenateChief Senate Sponsor Sen. Carol Ronen 3/25/2004SenateAdded as Alternate Chief Co-Sponsor Sen. Christine Radogno 3/25/2004SenateFirst Reading 3/25/2004SenateReferred to Rules 4/15/2004SenateAssigned to Revenue 4/20/2004SenateAdded as Alternate Co-Sponsor Sen. Jeffrey M. Schoenberg 4/22/2004SenateHeld in Revenue 4/30/2004SenateRule 3-9(a) / Re-referred to Rules 1/11/2005HouseSession Sine Die