HB5527Introduced in the House
INC TAX-R AND D CREDIT
Introduced by Brandun Schweizer, District 104
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
Added Co-Sponsor Rep. Tony M. McCombie
March 2, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Filed with the Clerk by Rep. Brandun Schweizer
First Reading
Referred to Rules Committee
Added Co-Sponsor Rep. Tony M. McCombie
Verify the information
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