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IL SB3791
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Donald DeWitte
Click for details
AI Summary
- Creates a state income tax credit equal to 1.3% of qualified research expenses made by taxpayers in Illinois
- Removes the requirement that taxpayers must first obtain a federal research and development credit to qualify for the Illinois credit
- Amends Section 201 of the Illinois Income Tax Act (35 ILCS 5/201)
- Introduced by Senator Donald P. DeWitte on February 5, 2026
Legislative Description
INC TX-INNOVATION CREDIT
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026
3/13/2026
Committee Referrals
Revenue2/24/2026
Assignments2/5/2026
Full Bill Text
No bill text available