Illinois General Assembly - Bill Status for SB1263

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Bill Status of SB1263 99th General Assembly

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Short Description: INC TX-ANGEL CREDIT

Senate Sponsors
Sen. Daniel Biss

Last Action

Date	Chamber	Action
1/10/2017	Senate	Session 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

Date	Chamber	Action
2/17/2015	Senate	Filed with Secretary by Sen. Daniel Biss
2/17/2015	Senate	First Reading
2/17/2015	Senate	Referred to Assignments
2/25/2015	Senate	Assigned to Revenue
3/5/2015	Senate	To Subcommittee on Tax Credits
3/27/2015	Senate	Rule 2-10 Committee Deadline Established As April 24, 2015
4/24/2015	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
5/15/2015	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
10/10/2015	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/10/2017	Senate	Session Sine Die

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