Illinois R&D Income Tax Credit
Offers Illinois innovation credits for founders scaling software, hardware, and biotech ventures.
About
Illinois' R&D Income Tax Credit is administered by the Illinois Department of Revenue under 35 ILCS 5/201(k). It is a self-claimed income tax credit, not a competitive grant, and no pre-certification is required. The credit currently runs through 2027 unless the legislature renews it again.
The credit equals 6.5% of qualifying Illinois research expenses above the base-period average, using a fede…
Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.