INC TX-R AND D CREDIT House SponsorsRep. Mark L. Walker 1/7/2025HouseSession Sine Die 35 ILCS 5/20135 ILCS 5/704A Amends the Illinois Income Tax Act. Provides that the research and development credit applies for taxable years ending prior to January 1, 2037 (currently, January 1, 2027). Provides that, in the case of qualifying quantum information science expenditures, the research and development credit shall be equal to 13% of the qualifying expenditures for increasing research activities in the State (currently, 6.5%). Provides that certain qualified startup taxpayers may elect to claim the credit against their obligation to pay withholding taxes. Effective immediately. 1/30/2023HouseFiled with the Clerk by Rep. Mark L. Walker 1/31/2023HouseFirst Reading 1/31/2023HouseReferred to Rules Committee 2/15/2023HouseAssigned to Revenue & Finance Committee 2/23/2023HouseTo Revenue-Income Tax Subcommittee 3/8/2023HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker 3/8/2023HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/9/2023HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee 3/10/2023HouseRule 19(a) / Re-referred to Rules Committee 3/10/2023HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die