Illinois 98th Regular Session Status: In Committee

SB 3394 — INC TX-R AND D CREDIT

Last action — Session Sine Die

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

This bill died with 98th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 the research and development credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Increases the amount of the research and development credit by providing that the increase in qualifying expenditures shall be an increase over 50% (instead of 100%) of the average of the qualifying expenditures for each year in the base period.

Bill Text

Action History

  1. Session Sine Die

  2. Added as Chief Co-Sponsor Sen. Pamela J. Althoff

  3. Rule 3-9(a) / Re-referred to Assignments

  4. Added as Chief Co-Sponsor Sen. Don Harmon

  5. To Subcommittee on Tax Credits

  6. Assigned to Revenue

  7. Referred to Assignments

  8. First Reading

  9. Filed with Secretary by Sen. Dan Kotowski

Sponsors

  • Dan Kotowski · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • Dan Kotowski

Not signed on (182)

182 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.

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Subjects

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Frequently asked questions

What does SB 3394 do?
Amends the Illinois Income Tax Act. Provides that the research and development credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Increases the amount of the research and development credit by providing that the increase in qualifying expenditures shall be an increase over 50% (instead of 100%) of the average of the qualifying expenditures for each year in the base period.
Who sponsors SB 3394?
SB 3394 is sponsored by Dan Kotowski.
What is the current status of SB 3394?
This bill died with 98th 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 SB 3394?
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Last checked for changes 3 months ago · updated continuously

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