INC TX-INNOVATION CREDIT Senate SponsorsSen. Donald P. DeWitte, Dale Fowler, Dave Syverson, Win Stoller, Craig Wilcox, Sally J. Turner and Neil Anderson 1/7/2025SenateSession Sine Die 35 ILCS 5/201Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obtained a research and development credit with respect to his or her federal income taxes to qualify for the Illinois research and development credit. 2/9/2023SenateFiled with Secretary by Sen. Donald P. DeWitte 2/9/2023SenateFirst Reading 2/9/2023SenateReferred to Assignments 2/28/2023SenateAssigned to Revenue 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 3/21/2023SenateAdded as Co-Sponsor Sen. Dale Fowler 3/28/2023SenateAdded as Co-Sponsor Sen. Dave Syverson 3/29/2023SenateAdded as Co-Sponsor Sen. Win Stoller 4/17/2023SenateAdded as Co-Sponsor Sen. Craig Wilcox 7/18/2023SenateAdded as Co-Sponsor Sen. Sally J. Turner 1/10/2024SenateRe-assigned to Revenue 1/26/2024SenateAdded as Co-Sponsor Sen. Neil Anderson 3/15/2024SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die