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<xml>
<title>Illinois General Assembly - Bill Status for HB 5795   </title>
<shortdesc>INC TAX-RESEARCH CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jason Barickman-Kent Gaffney-Paul Evans-Sidney H. Mathias-Wayne Rosenthal, Kay Hatcher, Mike Bost and Richard Morthland</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 is effective for all taxable years ending on or after December 31, 2004 and is not subject to the Act's automatic sunset provisions. Provides that amounts paid or incurred for ethanol and biodiesel research are included in the definition of "qualified expenditure". Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jason Barickman</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Kent Gaffney</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Paul Evans</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Sidney H. Mathias</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Wayne Rosenthal</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kay Hatcher</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mike Bost</action>
<statusdate>3/1/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Richard Morthland</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

