INC TX-R AND D CREDIT Senate SponsorsSen. Dan Kotowski and David Koehler-Julie A. Morrison 1/10/2017SenateSession Sine Die 35 ILCS 5/201from Ch. 120, par. 2-201Amends the Illinois Income Tax Act. Provides that the research and development credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Increases the amount of the research and development credit by providing that the increase in qualifying expenditures shall be an increase over 50% (instead of 100%) of the average of the qualifying expenditures for each year in the base period. 2/20/2015SenateFiled with Secretary by Sen. Dan Kotowski 2/20/2015SenateFirst Reading 2/20/2015SenateReferred to Assignments 3/3/2015SenateAssigned to Revenue 3/5/2015SenateTo Subcommittee on Tax Credits 3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015 4/23/2015SenateAdded as Co-Sponsor Sen. David Koehler 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 9/9/2015SenateAdded as Chief Co-Sponsor Sen. Julie A. Morrison 10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 1/10/2017SenateSession Sine Die