Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/220

Synopsis As Introduced
Amends the Illinois Income Tax Act. Changes the definition of "applicant" and "related member". Provides that the annual allowable amounts shall be allocated by the Department of Commerce and Economic Opportunity if any portion of the unused allocated amount at the end of the first 3 calendar quarters of a calendar year (rather than 2 calendar quarters) are rolled into the total allocated amount for the next calendar quarter. Provides that the annual allowable amounts shall be allocated by the Department if tax credits for investments in minority-owned businesses, women-owned businesses, businesses owned by a person with a disability, or a business in a county with a population of 250,000 or less are limited to the first 3 calendar quarters of a calendar year and after which investors may claim the tax credits of any qualified new business venture.

Actions 

Date	Chamber	Action
2/16/2018	Senate	Filed with Secretary by Sen. Chuck Weaver
2/16/2018	Senate	First Reading
2/16/2018	Senate	Referred to Assignments
2/27/2018	Senate	Assigned to Revenue
4/12/2018	Senate	Do Pass Revenue; 006-000-000
4/12/2018	Senate	Placed on Calendar Order of 2nd Reading April 17, 2018
4/19/2018	Senate	Second Reading
4/19/2018	Senate	Placed on Calendar Order of 3rd Reading April 23, 2018
4/24/2018	Senate	Third Reading - Passed; 053-000-000
4/24/2018	House	Arrived in House
4/26/2018	House	Chief House Sponsor Rep. Ryan Spain
4/26/2018	House	First Reading
4/26/2018	House	Referred to Rules Committee
1/9/2019	Senate	Session Sine Die

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