HB 4492

  • Illinois House Bill
  • 102nd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Income Tax-R And D Credit

Abstract

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.

Bill Sponsors (1)

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Actions


Feb 18, 2022

House

Rule 19(a) / Re-referred to Rules Committee

House

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

Feb 15, 2022

House

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

Feb 10, 2022

House

To Income Tax Subcommittee

Feb 09, 2022

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Tony McCombie

Feb 01, 2022

House

Assigned to Revenue & Finance Committee

Jan 21, 2022

House

Referred to Rules Committee

House

First Reading

Jan 13, 2022

House

Filed with the Clerk by Rep. Tony McCombie

Bill Text

Bill Text Versions Format
Introduced HTML PDF
House Amendment 001 HTML PDF

Related Documents

Document Format
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Sources

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