INC TX-R AND D CREDIT Senate SponsorsSen. Donald P. DeWitte, Dale Fowler, Sally J. Turner, Dave Syverson, Win Stoller, Craig Wilcox and Neil Anderson 1/7/2025SenateSession 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. 1/31/2023SenateFiled with Secretary by Sen. Donald P. DeWitte 1/31/2023SenateFirst Reading 1/31/2023SenateReferred to Assignments 1/31/2023SenateAssigned to Revenue 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 3/21/2023SenateAdded as Co-Sponsor Sen. Dale Fowler 3/22/2023SenateAdded as Co-Sponsor Sen. Sally J. Turner 3/28/2023SenateAdded as Co-Sponsor Sen. Dave Syverson 3/29/2023SenateAdded as Co-Sponsor Sen. Win Stoller 4/17/2023SenateAdded as Co-Sponsor Sen. Craig Wilcox 1/10/2024SenateRe-assigned to Revenue 1/26/2024SenateAdded as Co-Sponsor Sen. Neil Anderson 3/15/2024SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die