Illinois General Assembly - Bill Status for SB3453
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 Bill Status of SB3453  102nd General Assembly


Short Description:  INC TX-R AND D CREDIT

Senate Sponsors
Sen. Donald P. DeWitte and Suzy Glowiak Hilton

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201


Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/18/2022SenateFiled with Secretary by Sen. Donald P. DeWitte
  1/18/2022SenateFirst Reading
  1/18/2022SenateReferred to Assignments
  2/1/2022SenateAssigned to Revenue
  2/10/2022SenateRule 3-9(a) / Re-referred to Assignments
  3/8/2022SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton
  1/10/2023SenateSession Sine Die

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