INC TX-R & D CREDIT Senate SponsorsSen. Matt Murphy-Michael Connelly 1/10/2017SenateSession Sine Die 35 ILCS 5/201from Ch. 120, par. 2-201Amends the Illinois Income Tax Act. Reinstates the research and development credit for taxable years ending prior to January 1, 2018 (now, January 1, 2016). Increases the amount of the research and development credit from 6.5% to 8% of the qualifying expenditures for increasing research activities in this State for taxable years ending on or after December 31, 2015. Effective immediately. 1/28/2015SenateFiled with Secretary by Sen. Matt Murphy 1/28/2015SenateFirst Reading 1/28/2015SenateReferred to Assignments 2/5/2015SenateAdded as Chief Co-Sponsor Sen. Michael Connelly 2/11/2015SenateAssigned to Revenue 3/5/2015SenateTo Subcommittee on Tax Credits 3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015 4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015 5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 1/10/2017SenateSession Sine Die