90th General Assembly
Summary of SB0289
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
Senate Sponsors:

Short description: 
INC TX R & D CR-SUBCHAPTR S CO                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that, for  purposes      
   of  the  research and development credit, partners and shareholders of      
   Subchapter S corporations shall be allowed a credit in accordance with      
   the determination of income and distributive  share  of  income  under      
   Sections  702  and  704 and Subchapter S of the Internal Revenue Code.      
   Provides that this amendatory Act is declarative of existing  law  and      
   is not a new enactment.  Effective immediately.                             
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


 Full Text  Bill Status