IllinoisSB2390104th General Assembly (2025–2026)Senate

INC TX-INNOVATION CREDIT

Sponsored By: Donald P. DeWitte (Republican)

In Committee

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Donald P. DeWitte

    Republican • Senate

Cosponsors

  • Darby A. Hills

    Republican • Senate

  • Ram Villivalam

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Darby A. Hills

    3/5/2026Senate
  2. Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

    5/23/2025Senate
  4. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  5. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  6. Added as Co-Sponsor Sen. Ram Villivalam

    4/4/2025Senate
  7. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  8. Assigned to Revenue

    3/4/2025Senate
  9. Referred to Assignments

    2/7/2025Senate
  10. First Reading

    2/7/2025Senate
  11. Filed with Secretary by Sen. Donald P. DeWitte

    2/7/2025Senate

Bill Text

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