HB 3003 — INC TX-R AND D CREDIT
Last action — Added Co-Sponsor Rep. Tom Weber
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1Introduced
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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 103rd Regular Session. It reached “Introduced” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year in the base period (instead of 100% of the average of the qualifying expenditures for each year in the base period). Provides that the research and development credit applies on a permanent basis. Effective immediately.
Bill Text
- Introduced View text Current pdf
Action History
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Added Co-Sponsor Rep. Tom Weber
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Added Co-Sponsor Rep. Jeff Keicher
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Referred to Rules Committee
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First Reading
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Filed with the Clerk by Rep. Joe C. Sosnowski
Sponsors
- Joe C. Sosnowski · Primary
- Jeff Keicher · Cosponsor
- Tom Weber · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 2 co-sponsors · 180 not signed on
Sponsors (1)
- Joe C. Sosnowski Republican
Co-sponsors (2)
- Jeff Keicher Republican
- Tom Weber Republican
Not signed on (180)
180 members have not signed on to this bill.
Show all 180 →"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 3003 do?
- Amends the Illinois Income Tax Act. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year in the base period (instead of 100% of the average of the qualifying expenditures for each year in the base period). Provides that the research and development credit applies on a permanent basis. Effective immediately.
- Who sponsors HB 3003?
- HB 3003 is sponsored by Joe C. Sosnowski (Republican), Jeff Keicher (Republican), and Tom Weber (Republican).
- What is the current status of HB 3003?
- This bill died with 103rd Regular Session. It reached “Introduced” 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 3003?
- Track HB 3003 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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