Illinois General Assembly - Bill Status for HB1333
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 Bill Status of HB1333  102nd General Assembly


Short Description:  INC TX-R AND D CREDIT

House Sponsors
Rep. Michael J. Zalewski - David R. Leitch

Last Action
DateChamber Action
  1/10/2017HouseSession 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 on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Increases the amount of the research and development credit by providing that the increase in qualifying expenditures shall be an increase over 50% (instead of 100%) of the average of the qualifying expenditures for each year in the base period. Effective immediately.

Actions 
DateChamber Action
  2/4/2015HouseFiled with the Clerk by Rep. Michael J. Zalewski
  2/4/2015HouseFirst Reading
  2/4/2015HouseReferred to Rules Committee
  2/17/2015HouseAssigned to Revenue & Finance Committee
  3/25/2015HouseAdded Chief Co-Sponsor Rep. David R. Leitch
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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