Bill Status of SB 1263   99th General Assembly


Short Description:  INC TX-ANGEL CREDIT

Senate Sponsors
Sen. Daniel Biss

Last Action  View All Actions

DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/220

Synopsis As Introduced
Amends the Illinois Income Tax Act. Extends the angel investment credit for taxable years ending on or before December 31, 2021 (currently, December 31, 2016). Provides that the aggregate amount of angel investment tax credits shall be limited to $20,000,000 per calendar year (currently, $10,000,000).

Actions 
DateChamber Action
  2/17/2015SenateFiled with Secretary by Sen. Daniel Biss
  2/17/2015SenateFirst Reading
  2/17/2015SenateReferred to Assignments
  2/25/2015SenateAssigned to Revenue
  3/5/2015SenateTo Subcommittee on Tax Credits
  3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015
  4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
  5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
  10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/10/2017SenateSession Sine Die

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