<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 74     </title>
<shortdesc>INC TX-PATENT DEDUCTIONS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Robert F. Flider-Naomi D. Jakobsson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to a percentage of the licensing fees, royalties, receipts, and income from a patent issued after December 31, 2008 for an invention resulting from a development process conducted in Illinois. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/9/2009</statusdate><chamber>House</chamber><action>Prefiled with Clerk by Rep. Robert F. Flider</action>
<statusdate>1/14/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/14/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/4/2009</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/10/2009</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Naomi D. Jakobsson</action>
<statusdate>3/13/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

