IllinoisHB5527104th General Assembly (2025–2026)House

INC TAX-R AND D CREDIT

Sponsored By: Brandun Schweizer

In Committee

Summary

Amends the Illinois Income Tax Act. Increases the amount of the research and development credit by calculating the increase in the taxpayer's research activities in the State over 50% (currently, 100%) of the qualifying expenditures for the base period. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Brandun Schweizer

    Affiliation unavailable

Cosponsors

  • Tony M. McCombie

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Tony M. McCombie

    3/2/2026House
  2. Referred to Rules Committee

    2/13/2026House
  3. First Reading

    2/13/2026House
  4. Filed with the Clerk by Rep. Brandun Schweizer

    2/6/2026House

Bill Text

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