SB 2390

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: June 2, 2025.

INC TX-INNOVATION CREDIT.

Bill ID IL-104-SB-2390
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2025-06-02
Tax / Budget / Appropriations
Summary

Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obtained a research and development credit with respect to his or her federal income taxes to qualify for the Illinois research and development credit.

Sponsor
Donald P. DeWitte
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-07 Introduced Bill introduced
2025-06-02 Status in_committee
2025-06-02 Latest Action 6/02/2025 - Senate:
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