INC TX-INNOVATION CREDIT House SponsorsRep. Martin J. Moylan 1/10/2023HouseSession Sine Die 35 ILCS 5/201 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. 1/29/2021HouseFiled with the Clerk by Rep. Martin J. Moylan 2/8/2021HouseFirst Reading 2/8/2021HouseReferred to Rules Committee 3/2/2021HouseAssigned to Revenue & Finance Committee 3/11/2021HouseTo Income Tax Subcommittee 3/27/2021HouseRule 19(a) / Re-referred to Rules Committee 1/10/2023HouseSession Sine Die