Legal assistants; increase the number of in the Seventh Circuit Court District.

2025 Regular Session Introduced by David Blount

Creates a 13% Illinois tax credit for qualifying in-state quantum information science R&D, with a $25 million annual cap, to attract investment, jobs, and research.

Died In Committee

#appropriations #judiciary #divisiona

SB 2458 — Quantum Information Science Research and Development Tax Credit (Summary)

Status: Died in committee (legislative record shows committee hearings and activity through April 2025)
Introduced by: Sen. Mark L. Walker; co‑sponsor Sen. Chris Balkema
Introduced/Filed: February–March 2025 (filed Feb 7, 2025; received by Secretary Mar 13, 2025)
Classification/Subject: Revenue, appropriations, judiciary (Division A), economic development

Key provisions

Establishes the "Quantum Information Science Research and Development Tax Credit" (added to the Department of Commerce and Economic Opportunity (DCEO) law and to the Illinois Income Tax Act).

Credit amount: tax credit certificate equal to 13% of a taxpayer's qualifying quantum information science expenditures for the taxable year.

Eligibility: expenditures must be for quantum information science R&D conducted in Illinois and otherwise meet the definition of qualified research expenditures comparable to Section 41 of the Internal Revenue Code.

Annual aggregate cap: $25,000,000 of credits awarded statewide per calendar year.

Administration: DCEO issues credit certificates and adopts rules in consultation with the Illinois Department of Revenue.

Interaction with other credits: taxpayers cannot claim both this credit and the existing Illinois R&D credit (subsection (k) of Section 201) for the same expenditures.

Carryforward: excess credit can be carried forward up to 5 taxable years (procedures detailed for passthrough entities and allocation to partners/shareholders).

Definitions: "quantum information science" references the federal National Quantum Initiative Act definition.

Effective date: the Act takes effect upon becoming law; credits apply for tax years ending on or after December 31, 2026.

Who would be affected

Primary beneficiaries: corporations, startups, universities, research institutes, and other entities conducting qualifying quantum R&D in Illinois.

State agencies: DCEO and Department of Revenue for program administration and rulemaking.

State fiscal impact: potential reduction in state income tax revenues up to the program cap ($25 million/year), depending on uptake.

Legislative timeline & procedural notes

Bill introduced (filed Feb 7, 2025) and assigned to committees; public hearings and testimony occurred in April 2025.

Committee activity includes vote and a committee report (reported favorably as substituted on 2025‑04‑14 per record).

Provided status lists the bill as "Died In Committee." (Legislative entries show both committee progress and deadlines in early–mid 2025; as of the provided status the bill did not become law.)

Potential impacts to consider

Economic development: may attract investment and talent in quantum computing and related technologies to Illinois.

Fiscal tradeoff: state foregoes revenue (capped) in expectation of long‑term economic gains; actual return depends on program uptake and resulting private investment/jobs.

Administrative burden: DCEO/Revenue will need rulemaking, application review, and monitoring to prevent double claims and ensure in‑state activity.

Sponsors: Sen. Mark L. Walker (primary); Sen. Chris Balkema (co‑sponsor).

Bill