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]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Carol Sente [D]	Primary	Sponsored Bills	HD-059	FollowTheMoney	Ballotpedia	VoteSmart
Representative Grant Wehrli [R]	Cosponsor	Sponsored Bills	HD-041	FollowTheMoney	Ballotpedia	VoteSmart
Representative Sam Yingling [D]	Cosponsor	Sponsored Bills	HD-062	FollowTheMoney	Ballotpedia	VoteSmart
Representative Robert Pritchard [R]	Cosponsor	Sponsored Bills	HD-070	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jerry Costello [D]	Cosponsor	Sponsored Bills	HD-116	FollowTheMoney	Ballotpedia	VoteSmart
Representative Avery Bourne [R]	Cosponsor	Sponsored Bills	HD-095	FollowTheMoney	Ballotpedia	VoteSmart
Representative Lawrence Walsh [D]	Cosponsor	Sponsored Bills	HD-086	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jaime Andrade [D]	Cosponsor	Sponsored Bills	HD-040	FollowTheMoney	Ballotpedia	VoteSmart
Representative Natalie Manley [D]	Cosponsor	Sponsored Bills	HD-098	FollowTheMoney	Ballotpedia	VoteSmart
Representative Kathleen Willis [D]	Cosponsor	Sponsored Bills	HD-077	FollowTheMoney	Ballotpedia	VoteSmart
Representative Sonya Harper [D]	Cosponsor	Sponsored Bills	HD-006	FollowTheMoney	Ballotpedia	VoteSmart
Representative Silvana Tabares [D]	Cosponsor	Sponsored Bills	HD-021	FollowTheMoney	Ballotpedia	VoteSmart
Senator Elgie Sims [D]	Primary	Sponsored Bills	SD-017	FollowTheMoney	Ballotpedia	VoteSmart
Senator Melinda Bush [D]	Cosponsor	Sponsored Bills	SD-031	FollowTheMoney	Ballotpedia	VoteSmart
Senator Julie Morrison [D]	Cosponsor	Sponsored Bills	SD-029	FollowTheMoney	Ballotpedia	VoteSmart

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