Margaret Croke
- Democratic
- Representative
- District 12
Primary
Amends the Illinois Income Tax Act. Provides that a corporation, partnership, limited liability company, or a natural person with an ownership interest of at least 33% (currently, 51%) in the profits, capital, or value of a qualified new business venture may not receive angel investment credits with respect to that qualified business venture. Provides that, if an investment is made in: (i) a qualified new business venture that is minority-owned, women-owned, or a business owned by a person with a disability; or (ii) a qualified new business venture located in a county with a population of not more than 250,000, the amount of the angel investment credit is 35% of the claimant's investment made directly in a qualified new business venture (currently, 25%). Makes changes concerning the maximum amount of the investment under the angel investment credit. Makes other changes.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. Carol Ammons
House Committee Amendment No. 1 Referred to Rules Committee
Assigned to Revenue & Finance Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Margaret Croke
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| House Amendment 001 | HTML PDF |
| Document | Format |
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| No related documents. |
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