INC TX-R & D CREDIT Senate SponsorsSen. Linda Holmes and Michael W. Frerichs 1/8/2013SenateSession Sine Die 35 ILCS 5/201from Ch. 120, par. 2-201Amends the Illinois Income Tax Act. Reinstates the research and development credit for taxable years ending prior to January 1, 2016 (now, January 1, 2011). Increases the amount of the research and development credit from 6.5% to 8% of the qualifying expenditures for increasing research activities in this State for taxable years ending on or after December 31, 2011. Effective immediately. 2/9/2011SenateFiled with Secretary by Sen. Linda Holmes 2/9/2011SenateFirst Reading 2/9/2011SenateReferred to Assignments 3/2/2011SenateAssigned to Revenue 3/10/2011SenateTo Revenue Subcommittee on Tax Credits 3/10/2011SenateAdded as Co-Sponsor Sen. Michael W. Frerichs 3/18/2011SenateRule 3-9(a) / Re-referred to Assignments 1/8/2013SenateSession Sine Die