Illinois General Assembly - Bill Status for HB5667

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Bill Status of HB5667 102nd General Assembly

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Short Description: INC TX-RESEARCH AND DEVELOP

House Sponsors
Rep. Steven Reick, Jonathan "Yoni" Pizer, Terra Costa Howard and Mary Edly-Allen

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, in the case of qualifying expenditures related to (i) clean energy technology, (ii) waste reduction, (iii) recycling, (iv) emissions reduction, (v) environmental sustainability, or (vi) biodegradable or compostable products, the research and development credit shall be 13% (currently, 6.5%) of the qualifying expenditures. Effective immediately.

Actions

Date	Chamber	Action
2/14/2020	House	Filed with the Clerk by Rep. Steven Reick
2/18/2020	House	First Reading
2/18/2020	House	Referred to Rules Committee
3/12/2020	House	Assigned to Revenue & Finance Committee
5/22/2020	House	Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
6/2/2020	House	Added Co-Sponsor Rep. Terra Costa Howard
6/2/2020	House	Added Co-Sponsor Rep. Mary Edly-Allen
6/23/2020	House	Rule 19(b) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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