Bill Cunningham
- Democratic
- Senator
- District 18
Primary
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.
Effective Date August 9, 2024
Governor Approved
Public Act . . . . . . . . . 103-0945
Sent to the Governor
Added Alternate Co-Sponsor Rep. Yolonda Morris
Added Alternate Co-Sponsor Rep. Matt Hanson
Added Alternate Co-Sponsor Rep. Mary Gill
Added Alternate Co-Sponsor Rep. Joyce Mason
Added Alternate Co-Sponsor Rep. Rita Mayfield
Placed on Calendar Order of 3rd Reading - Short Debate
Added Alternate Co-Sponsor Rep. Sharon Chung
Passed Both Houses
Third Reading - Short Debate - Passed 112-000-000
Added Alternate Co-Sponsor Rep. Carol Ammons
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Revenue & Finance Committee; 015-000-000
Committee/Final Action Deadline Extended-9(b) May 24, 2024
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Third Reading - Passed; 059-000-000
Chief House Sponsor Rep. Curtis J. Tarver, II
Arrived in House
Placed on Calendar Order of 3rd Reading **
Placed on Calendar Order of 3rd Reading March 20, 2024
Second Reading
Placed on Calendar Order of 2nd Reading February 22, 2024
Do Pass Revenue; 008-000-000
Added as Co-Sponsor Sen. Win Stoller
Assigned to Revenue
First Reading
Referred to Assignments
Filed with Secretary by Sen. Bill Cunningham
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Enrolled | HTML PDF |
| Document | Format |
|---|---|
| Public Act |
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