IL HB3849 | 2015-2016 | 99th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 27 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 27 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Raises the limit on angel investment tax credits from $10 million to $20 million in total income tax credits per year. Raises the limit on an applicant's eligible investment from $2 million to $4 million. Effective immediately.
Title
INC TX-ANGEL INVESTMENT CREDIT
Sponsors
| Sen. Elgie Sims [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2015-03-13 | House | To Income Tax Subcommittee |
| 2015-03-12 | House | Assigned to Revenue & Finance Committee |
| 2015-02-27 | House | Referred to Rules Committee |
| 2015-02-27 | House | First Reading |
| 2015-02-27 | House | Filed with the Clerk by Rep. Elgie R. Sims, Jr. |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 220 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3849&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/HB/09900HB3849.htm |
