SB2390Introduced in the Senate
INC TX-INNOVATION CREDIT
Introduced by Donald DeWitte, District 33
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. 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.
Where it stands
Added as Co-Sponsor Sen. Darby A. Hills
March 5, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with Secretary by Sen. Donald P. DeWitte
First Reading
Referred to Assignments
Assigned to Revenue
Rule 2-10 Committee Deadline Established As April 11, 2025
Added as Co-Sponsor Sen. Ram Villivalam
Rule 2-10 Committee Deadline Established As May 9, 2025
Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
Rule 3-9(a) / Re-referred to Assignments
Added as Co-Sponsor Sen. Darby A. Hills
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