Bill Title: Amends the Illinois Income Tax Act. In provisions concerning the angel investment credit, provides that the amount of the credit is 35% (rather than 25%) of the claimant's investment made directly in the qualified new business venture if the investment is made in (1) a qualified new business venture that is a minority-owned business, a women-owned business, or a business owned a person with a disability or (2) a qualified new business venture in which the principal place of business is located in a county with a population of not more than 250,000. Increases the aggregate amount of angel investment credits that may be claimed in a taxable year.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2025-01-07 - Session Sine Die [SB0304 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Suzanne Glowiak Hilton [D]	Primary	Sponsored Bills	SD-023	FollowTheMoney	Ballotpedia	VoteSmart
Senator Paul Faraci [D]	Cosponsor	Sponsored Bills	SD-052	FollowTheMoney	N/A	N/A

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