Dan Kotowski
- Democratic
Primary
Amends the Illinois Income Tax Act. Creates income tax credits for amounts invested by a taxpayer in a qualified new business venture, including investments made through an investment fund manager. Provides that the credit shall be equal to 25% of the amount invested. Provides that the credits may be carried forward for a period of 5 years. Provides that not more than $10,000,000 in angel investment credits may be issued per calendar year. Provides that the credits are exempt from the Act's automatic sunset provisions. Provides that the Department of Commerce and Economic Opportunity shall certify the qualified business ventures and investment fund managers. Sets forth certain criteria for the certification of the business venture. Effective immediately.
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Session Sine Die
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Rule 3-9(a) / Re-referred to Assignments
Postponed - Executive
Senate Committee Amendment No. 1 Postponed - Executive
Senate Committee Amendment No. 1 Postponed - Executive
Postponed - Executive
Postponed - Executive
Senate Committee Amendment No. 1 Postponed - Executive
Senate Committee Amendment No. 1 Assignments Refers to Executive
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Dan Kotowski
Assigned to Executive
Filed with Secretary by Sen. Dan Kotowski
Referred to Assignments
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
|---|---|
| Senate Amendment 001 |
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