<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1602</title>
<shortdesc>INC TX-R AND D CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Rita Mayfield</sponsors>
</sponsor>
<lastaction>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that the research and development credit applies on a permanent basis. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/22/2025</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Rita Mayfield</action>
<statusdate>1/28/2025</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/28/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/18/2025</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/3/2025</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
