HB3661 - 104th General Assembly
DCEO-QUANTUM INFORMATION
Statutes Amended In Order of Appearance
20 ILCS 605/605-1118 new
35 ILCS 5/246 new
Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall award income tax credits in an amount equal to 13% of the qualifying quantum information science expenditures made by the taxpayer during the taxable year. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Actions
Date | Chamber | Action |
---|---|---|
02/07/2025 | House | Filed with the Clerk by Rep. Dagmara Avelar |
02/18/2025 | House | First Reading |
02/18/2025 | House | Referred to Rules Committee |
03/11/2025 | House | Assigned to Revenue & Finance Committee |
03/13/2025 | House | To Income Tax Subcommittee |
03/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |