Roll Call: IL HB5214 | 2017-2018 | 100th General Assembly
For additional roll call votes on Illinois HB5214 please see the Vote List
Bill Title: Amends the Illinois Income Tax Act. Changes the definition of "applicant" and "related member". Provides that the annual allowable amounts shall be allocated by the Department of Commerce and Economic Opportunity if any portion of the unused allocated amount at the end of the first 3 calendar quarters of a calendar year (rather than 2 calendar quarters) are rolled into the total allocated amount for the next calendar quarter. Provides that the annual allowable amounts shall be allocated by the Department if tax credits for investments in minority-owned businesses, women-owned businesses, businesses owned by a person with a disability, or a business in a county with a population of 250,000 or less are limited to the first 3 calendar quarters of a calendar year and after which investors may claim the tax credits of any qualified new business venture.
Spectrum: Moderate Partisan Bill (Democrat 12-3)
Status: (Passed) 2018-08-03 - Public Act . . . . . . . . . 100-0686 [HB5214 Detail]
Text: Latest bill text (Chaptered) [HTML]
Bill Title: Amends the Illinois Income Tax Act. Changes the definition of "applicant" and "related member". Provides that the annual allowable amounts shall be allocated by the Department of Commerce and Economic Opportunity if any portion of the unused allocated amount at the end of the first 3 calendar quarters of a calendar year (rather than 2 calendar quarters) are rolled into the total allocated amount for the next calendar quarter. Provides that the annual allowable amounts shall be allocated by the Department if tax credits for investments in minority-owned businesses, women-owned businesses, businesses owned by a person with a disability, or a business in a county with a population of 250,000 or less are limited to the first 3 calendar quarters of a calendar year and after which investors may claim the tax credits of any qualified new business venture.
Spectrum: Moderate Partisan Bill (Democrat 12-3)
Status: (Passed) 2018-08-03 - Public Act . . . . . . . . . 100-0686 [HB5214 Detail]
Text: Latest bill text (Chaptered) [HTML]
Vote: Third Reading in Senate
| Vote | Tally | Democrat | Republican |
|---|---|---|---|
| Yea | 46 | 26 | 20 |
| Nay | - | - | - |
| Not Voting | 13 | 11 | 2 |
| Absent | - | - | - |
| TOTAL | 59 | 37 | 22 |
