Ill. Mulls Extending R&D Tax Credit To 2026
The credit is similar to the federal R&D tax credit and is good for up to 6.5 percent of an Illinois company's qualified research expenditures. Legislation proposing to extend the tax credit into the next decade was introduced in the Illinois House by Rep. Deborah Conroy, D-Elmhurst.
Although it was briefly repealed in 2003, Illinois' R&D credit has been around...
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