Illinois House of Representatives bill in Session 104.
Status: in_committee. Latest action: February 13, 2026.
INC TAX-R AND D CREDIT.
Amends the Illinois Income Tax Act. Increases the amount of the research and development credit by calculating the increase in the taxpayer's research activities in the State over 50% (currently, 100%) of the qualifying expenditures for the base period. Effective immediately.
| Date | Event | Detail |
|---|---|---|
| 2026-02-13 | Introduced | Bill introduced |
| 2026-02-13 | Status | in_committee |
| 2026-02-13 | Latest Action | 2/13/2026 - House: |