Illinois General Assembly - Bill Status for HB4196
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 Bill Status of HB4196  103rd General Assembly


Short Description:  INC TX-ANGEL INVESTMENT CREDIT

House Sponsors
Rep. Thomas Morrison - Elgie R. Sims, Jr.

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/220


Synopsis As Introduced
Amends the Illinois Income Tax Act. Raises the limit on angel investment tax credits from $10 million to $20 million in total income tax credits per year. Raises the limit on an applicant's eligible investment from $2 million to $4 million. Effective immediately.

Actions 
DateChamber Action
  1/13/2014HouseFiled with the Clerk by Rep. Thomas Morrison
  1/13/2014HouseFirst Reading
  1/13/2014HouseReferred to Rules Committee
  2/21/2014HouseAdded Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
  12/3/2014HouseSession Sine Die

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