<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4042   </title>
<shortdesc>INC TX-R AND D CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jehan A. Gordon-Carol A. Sente</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference>from Ch. 120, par. 2-201</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that the research and development credit applies for all tax years ending on or after December 31, 2004 (now, tax years ending on or after December 31, 2004, and ending prior to January 1, 2016). Exempts the credit from the Act's automatic sunset provision. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/23/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jehan A. Gordon</action>
<statusdate>1/25/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/25/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/5/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Carol A. Sente</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

