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State extends illinois R&D tax credit

From Crain's Chicago Business: In an item of particular importance to some companies, the General Assembly has approved and sent to Gov. J.B. Pritzker a measure to extend the life of the state's tax credit for research and development. The bill also would establish a new credit for apprenticeship educational expenses. Business groups hailed the action. "Research and development is the lifeblood for innovative manufacturers and its passage sends a message to those companies to invest in our state," said Illinois Manufacturers' Association President Mark Denzler. "The apprenticeship tax credit allows manufacturers to jump start the workforce."