<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1749   </title>
<shortdesc>INC TX-R &amp; D CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. James H. Meyer, Kurt M. Granberg, Harry Osterman, Elga L. Jefferies and Patrick J Verschoore</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference>from Ch. 120, par. 2-201</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Increases the amount of the research and development credit from 6.5% to 10% of the qualifying expenditures for increasing research activities in this State for taxable years ending on or after December 31, 2007. effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/23/2007</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. James H. Meyer</action>
<statusdate>2/23/2007</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/23/2007</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/27/2007</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>3/8/2007</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kurt M. Granberg</action>
<statusdate>3/8/2007</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Harry Osterman</action>
<statusdate>3/8/2007</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Elga L. Jefferies</action>
<statusdate>3/8/2007</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Patrick J Verschoore</action>
<statusdate>3/23/2007</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

