HB3003 - INC TX-R AND D CREDIT
Illinois - 103rd General Assembly
Introduced byJoe C. Sosnowski, Jeff Keicher, Tom Weber
Last updated over 1 year ago
3 Co-Sponsors
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.
STATUS
Introduced
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