INCOME TAX-R AND D CREDIT House SponsorsRep. Tony McCombie 1/10/2023HouseSession Sine Die 35 ILCS 5/201 Amends the Illinois Income Tax Act. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year in the base period (instead of 100% of the average of the qualifying expenditures for each year in the base period). Provides that the research and development credit applies on a permanent basis. Effective immediately. 1/13/2022HouseFiled with the Clerk by Rep. Tony McCombie 1/21/2022HouseFirst Reading 1/21/2022HouseReferred to Rules Committee 2/1/2022HouseAssigned to Revenue & Finance Committee 2/9/2022HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Tony McCombie 2/9/2022HouseHouse Committee Amendment No. 1 Referred to Rules Committee 2/10/2022HouseTo Income Tax Subcommittee 2/15/2022HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee 2/18/2022HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee 2/18/2022HouseRule 19(a) / Re-referred to Rules Committee 1/10/2023HouseSession Sine Die