INC TX-TECHNOLOGY CREDITS Senate SponsorsSen. Elgie R. Sims, Jr.-Celina Villanueva 1/7/2025SenateSession Sine Die 20 ILCS 605/605-1115 new35 ILCS 5/20135 ILCS 5/241 newAmends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall award income tax credits in an amount equal to 13% of the qualifying quantum information science expenditures made by the taxpayer during the taxable year. Amends the Illinois Income Tax Act to make conforming changes. Further amends the Illinois Income Tax Act to extend the research and development credit to tax years ending before January 1, 2037 (currently, January 1, 2027). Effective immediately. 2/8/2024SenateFiled with Secretary by Sen. Elgie R. Sims, Jr. 2/8/2024SenateFirst Reading 2/8/2024SenateReferred to Assignments 2/20/2024SenateAssigned to Revenue 3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024 4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024 5/3/2024SenateRule 3-9(a) / Re-referred to Assignments 5/17/2024SenateAdded as Chief Co-Sponsor Sen. Celina Villanueva 1/7/2025SenateSession Sine Die