Bill Status of SB2084 103rd General Assembly
Short Description: INC TX-INNOVATION CREDIT
Sen. Donald P. DeWitte, Dale Fowler, Dave Syverson, Win Stoller, Craig Wilcox and Sally J. Turner
| 3/10/2023||Senate||Rule 3-9(a) / Re-referred to Assignments|
Statutes Amended In Order of Appearance
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.