HB 5527

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: February 13, 2026.

INC TAX-R AND D CREDIT.

Bill ID IL-104-HB-5527
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2026-02-13
Summary

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.

Sponsor
Brandun Schweizer
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-13 Introduced Bill introduced
2026-02-13 Status in_committee
2026-02-13 Latest Action 2/13/2026 - House:
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