Illinois House Bill 5527: INC TAX-R AND D CREDIT

Illinois · 104th session

What it does

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.

Latest action

Added Co-Sponsor Rep. Tony M. McCombie (2026-03-02)

See how HB 5527 affects you on CapitolKey

Browse more bills · CapitolKey home