Margaret Croke
- Democratic
- Representative
- District 12
Primary
Amends the Illinois Income Tax Act. In provisions concerning the angel investment credit, provides that the amount of the credit is 35% (rather than 25%) of the claimant's investment made directly in the qualified new business venture if the investment is made in: (1) a qualified new business venture that is a minority-owned business, a women-owned business, or a business owned a person with a disability; or (2) a qualified new business venture in which the principal place of business is located in a county with a population of not more than 250,000. Increases the aggregate amount of angel investment credits that may be claimed in a taxable year.
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Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Ann M. Williams
Added Co-Sponsor Rep. Martin McLaughlin
Added Co-Sponsor Rep. Travis Weaver
Added Co-Sponsor Rep. Joe C. Sosnowski
Added Co-Sponsor Rep. Mark L. Walker
To Revenue - Tax Credit and Incentives Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Margaret Croke
Remove Chief Co-Sponsor Rep. Norine K. Hammond
Added Chief Co-Sponsor Rep. Norine K. Hammond
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