Illinois 101st Regular Session Status: In Committee Bipartisan · 2 D · 1 R cosponsors

HB 5359 — INC TX-INNOVATION CREDIT

Last action — Rule 19(b) / Re-referred to Rules Committee

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Action History

  1. Rule 19(b) / Re-referred to Rules Committee

  2. Added Co-Sponsor Rep. Jonathan "Yoni" Pizer

  3. Assigned to Revenue & Finance Committee

  4. Added Co-Sponsor Rep. Jay Hoffman

  5. Added Co-Sponsor Rep. Mark Batinick

  6. Added Co-Sponsor Rep. Ryan Spain

  7. Referred to Rules Committee

  8. First Reading

  9. Filed with the Clerk by Rep. Martin J. Moylan

Sponsors

Sponsorship breakdown

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0 sponsors · 5 co-sponsors · 178 not signed on

Sponsors (0)

None.

Co-sponsors (5)

Not signed on (178)

178 members have not signed on to this bill.

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"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

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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?
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Last checked for changes 3 months ago · updated continuously

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