IL SB1263 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 17 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 17 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Extends the angel investment credit for taxable years ending on or before December 31, 2021 (currently, December 31, 2016). Provides that the aggregate amount of angel investment tax credits shall be limited to $20,000,000 per calendar year (currently, $10,000,000).
Title
INC TX-ANGEL CREDIT
Sponsors
| Sen. Daniel Biss [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-10-10 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2015-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 |
| 2015-04-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015 |
| 2015-03-27 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2015 |
| 2015-03-05 | Senate | To Subcommittee on Tax Credits |
| 2015-02-25 | Senate | Assigned to Revenue |
| 2015-02-17 | Senate | Referred to Assignments |
| 2015-02-17 | Senate | First Reading |
| 2015-02-17 | Senate | Filed with Secretary by Sen. Daniel Biss |
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=1263&GAID=13&DocTypeID=SB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/SB/09900SB1263.htm |
