HOUSTON, July 20, 2017 /PRNewswire/ — alliantgroup congratulates the leaders of the State of Illinois for renewing their state research and development tax credit.
The credit, which had originally expired on December 31, 2015, was given a five-year extension as part of recently passed state budget legislation. The extension runs retroactively through 2021, meaning Illinois-based companies can now claim their credits for tax year 2016 and that 2015 credits are now available for fiscal year filers.
“This is tremendous news for Illinois businesses,” said alliantgroup CEO, Dhaval Jadav. “Now these companies will be able to invest and strategize around the credit knowing that it will be available for the foreseeable future. With this extension, the state’s government has provided much-needed certainty for Illinois business owners.”
The extension of the state R&D tax credit has many benefits for Illinois’s economy and […]