HB 5359 — INC TX-INNOVATION CREDIT
Last action — Rule 19(b) / Re-referred to Rules Committee
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
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.
Bill Text
- Introduced View text Current html
Action History
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Rule 19(b) / Re-referred to Rules Committee
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Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
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Assigned to Revenue & Finance Committee
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Added Co-Sponsor Rep. Jay Hoffman
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Added Co-Sponsor Rep. Mark Batinick
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Added Co-Sponsor Rep. Ryan Spain
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Referred to Rules Committee
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First Reading
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Filed with the Clerk by Rep. Martin J. Moylan
Sponsors
- Jonathan "Yoni" Pizer · Cosponsor
- Ryan Spain · Cosponsor
- Mark Batinick · Cosponsor
- Jay Hoffman · Cosponsor
- Martin J. Moylan · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 5 co-sponsors · 178 not signed on
Sponsors (0)
None.
Co-sponsors (5)
- Jonathan "Yoni" Pizer
- Ryan Spain Republican
- Mark Batinick
- Jay Hoffman Democrat
- Martin J. Moylan Democrat
Not signed on (178)
178 members have not signed on to this bill.
Show all 178 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HB 5359 do?
- 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.
- Who sponsors HB 5359?
- HB 5359 is sponsored by Jonathan "Yoni" Pizer, Ryan Spain (Republican), Mark Batinick, Jay Hoffman (Democrat), and Martin J. Moylan (Democrat).
- What is the current status of HB 5359?
- This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 5359?
- Track HB 5359 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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