Bill > SB3873

This bill makes a permanent change to the Illinois Income Tax Act by ensuring that the research and development credit, which allows businesses to receive a tax credit for increasing their research activities in Illinois, will continue to be available indefinitely. Previously, this credit had an expiration date, but this legislation removes that limitation, providing businesses with long-term certainty for their investments in innovation within the state.

https://www.ilga.gov/Legislation/BillStatus?DocNum=3873&GAID=18&DocTypeID=SB&SessionID=114&GA=104