Illinois General Assembly - Bill Status for SB3155

Synopsis As Introduced
Amends the Illinois Income Tax Act. In provisions requiring a claimant or claimants to repay certain amounts received under the angel investment tax credit if a qualified new business venture fails to maintain its minimum employment threshold, provides that, during the 3-year reporting period that includes March 13, 2020 to January 1, 2024, the repayment of any tax credits issued under those provisions shall be determined at the discretion of the Department of Commerce and Economic Opportunity. Effective immediately.

Actions

Date	Chamber	Action
2/6/2024	Senate	Filed with Secretary by Sen. Bill Cunningham
2/6/2024	Senate	First Reading
2/6/2024	Senate	Referred to Assignments
2/14/2024	Senate	Assigned to Revenue
2/20/2024	Senate	Added as Co-Sponsor Sen. Win Stoller
2/21/2024	Senate	Do Pass Revenue; 008-000-000
2/21/2024	Senate	Placed on Calendar Order of 2nd Reading February 22, 2024
3/14/2024	Senate	Second Reading
3/14/2024	Senate	Placed on Calendar Order of 3rd Reading March 20, 2024
4/10/2024	Senate	Placed on Calendar Order of 3rd Reading **
4/12/2024	Senate	Third Reading - Passed; 059-000-000
4/12/2024	House	Arrived in House
4/12/2024	House	Chief House Sponsor Rep. Curtis J. Tarver, II
4/15/2024	House	First Reading
4/15/2024	House	Referred to Rules Committee
4/24/2024	House	Assigned to Revenue & Finance Committee

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