Illinois General Assembly - Bill Status for SB3875
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 Bill Status of SB3875  102nd General Assembly


Short Description:  INC TX-INNOVATION CREDIT

Senate Sponsors
Sen. Ram Villivalam - Donald P. DeWitte - Melinda Bush, David Koehler and Jason A. Barickman

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. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obtained a research and development credit with respect to his or her federal income taxes to qualify for the Illinois research and development credit.

Actions 
DateChamber Action
  2/14/2020SenateFiled with Secretary by Sen. Ram Villivalam
  2/14/2020SenateFirst Reading
  2/14/2020SenateReferred to Assignments
  2/18/2020SenateAdded as Chief Co-Sponsor Sen. Donald P. DeWitte
  2/25/2020SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
  2/27/2020SenateAdded as Co-Sponsor Sen. David Koehler
  3/3/2020SenateAdded as Co-Sponsor Sen. Jason A. Barickman
  3/12/2020SenateAssigned to Revenue
  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
  1/13/2021SenateSession Sine Die

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