Illinois General Assembly - Bill Status for SB3165
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 Bill Status of SB3165  102nd General Assembly


Short Description:  INC TX-R AND D CREDIT

Senate Sponsors
Sen. Donald P. DeWitte

Last Action
DateChamber Action
  1/13/2021SenateSession 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
  2/11/2020SenateFiled with Secretary by Sen. Donald P. DeWitte
  2/11/2020SenateFirst Reading
  2/11/2020SenateReferred to Assignments
  2/19/2020SenateAssigned to Revenue
  2/26/2020SenatePostponed - Revenue
  3/4/2020SenateTo Subcommittee on Tax Exemptions and Credits
  3/18/2020SenateRule 2-10 Committee Deadline Established As April 2, 2020
  3/25/2020SenateRule 2-10 Committee Deadline Established As April 24, 2020
  3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/16/2020SenateRule 2-10 Committee Deadline Established As April 30, 2020
  4/23/2020SenateRule 2-10 Committee Deadline Established As May 7, 2020
  4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Committee Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Committee Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
  5/24/2020SenateRule 2-10(a) Third Reading Deadline Established As June 23, 2020
  5/24/2020SenateApproved for Consideration Assignments
  5/24/2020SenatePlaced on Calendar Order of 2nd Reading November 17, 2020
  6/24/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/13/2021SenateSession Sine Die

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