Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/220

Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes the following changes with respect to the angel investment credit: (1) reinstates the credit for taxable years beginning on or after December 31, 2016 and ending on or before December 31, 2021; (2) provides that the term "applicant" includes a corporation, partnership, or limited liability company formed for the purpose of facilitating an offer or sale of a security by an in-State issuer to resident of the State as provided under a particular provision of the Illinois Securities Law of 1953; (3) provides a definition of "investment"; (4) contains a requirement that the applicant must agree to remain in the State for a period of not less than 3 years; and (5) makes changes concerning the allocation of the credit awards. Effective immediately.

Actions 

Date	Chamber	Action
2/9/2017	House	Filed with the Clerk by Rep. Carol Sente
2/9/2017	House	Added Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
2/9/2017	House	Added Chief Co-Sponsor Rep. Emanuel Chris Welch
2/9/2017	House	First Reading
2/9/2017	House	Referred to Rules Committee
2/16/2017	House	Added Co-Sponsor Rep. Margo McDermed
2/22/2017	House	Assigned to Revenue & Finance Committee
3/9/2017	House	To Growth, Reform & Fairness Subcommittee
3/31/2017	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

Back To Top