Illinois SB3710 amends the Illinois Income Tax Act to make the research and development credit permanent.
Illinois SB3710 amends the Illinois Income Tax Act to make the research and development credit permanent. The credit applies to unreimbursed eligible remediation costs in excess of $100,000 per site, with certain exceptions. The credit is available for property placed in service in Enterprise Zones or River Edge Redevelopment Zones. The bill also includes provisions for credits related to education expenses, training expenses, and investment in qualified property.
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