States / Illinois / SB 221

SB 221 Passed Tax & Economic Development Sample data

Research and Development Tax Credit Expansion

Relating to research and development tax credit expansion; establishing filing, disclosure, and enforcement requirements; providing penalties.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted
AI summary

Sample summary. SB 221 would require covered entities in Illinois to file disclosures with the administering agency and would authorise civil penalties for non-compliance. Currently passed.

Bill text

VersionCitationDateWords
Amended SB 221 (Amended) Jul 2, 2026 514

History

Aug 2, 2026 · Senate
Reported from committee
Jul 31, 2026 · Senate
Public hearing held
Jul 27, 2026 · Senate
Read first time; referred to committee
Jul 14, 2026 · Senate
Filed