INC TX-INNOVATION CREDIT
- Introduced Feb 5, 2026
- In committee Feb 5, 2026
- Passed the Senate Next
- Passed the House
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
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.
Every action
8 steps, oldest first, as the legislature records them.
- SenateFiled with Secretary by Sen. Donald P. DeWitte
- SenateFirst Reading
- CommitteeReferred to Assignments · Senate Assignments
- CommitteeAssigned to Revenue · Senate Revenue
- SenateRule 2-10 Committee Deadline Established As April 24, 2026
- SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
- SenateRule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
- CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it.
-
Donald P. DeWitteR Primary sponsor · District 33
From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.