INC TX-R AND D CREDIT Senate SponsorsSen. Donald P. DeWitte and Suzy Glowiak Hilton 1/10/2023SenateSession Sine Die 35 ILCS 5/201Amends 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. 1/18/2022SenateFiled with Secretary by Sen. Donald P. DeWitte 1/18/2022SenateFirst Reading 1/18/2022SenateReferred to Assignments 2/1/2022SenateAssigned to Revenue 2/10/2022SenateRule 3-9(a) / Re-referred to Assignments 3/8/2022SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton 1/10/2023SenateSession Sine Die