Bill Title: Amends the Illinois Income Tax Act. In provisions requiring a claimant or claimants to repay certain amounts received under the angel investment tax credit if a qualified new business venture fails to maintain its minimum employment threshold, provides that, during the 3-year reporting period that includes March 13, 2020 to January 1, 2024, the repayment of any tax credits issued under those provisions shall be determined at the discretion of the Department of Commerce and Economic Opportunity. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 9-1)

Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-0945 [SB3155 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator William Cunningham [D]	Primary	Sponsored Bills	SD-018	FollowTheMoney	Ballotpedia	VoteSmart
Senator Win Stoller [R]	Cosponsor	Sponsored Bills	SD-037	FollowTheMoney	Ballotpedia	VoteSmart
Representative Curtis Tarver [D]	Primary	Sponsored Bills	HD-025	FollowTheMoney	Ballotpedia	VoteSmart
Representative Sharon Chung [D]	Cosponsor	Sponsored Bills	HD-091	FollowTheMoney	Ballotpedia	N/A
Representative Rita Mayfield [D]	Cosponsor	Sponsored Bills	HD-060	FollowTheMoney	Ballotpedia	VoteSmart
Representative Joyce Mason [D]	Cosponsor	Sponsored Bills	HD-061	FollowTheMoney	Ballotpedia	VoteSmart
Representative Mary Gill [D]	Cosponsor	Sponsored Bills	HD-035	N/A	N/A	N/A
Representative Matt Hanson [D]	Cosponsor	Sponsored Bills	HD-083	FollowTheMoney	Ballotpedia	VoteSmart
Representative Yolanda Morris [D]	Cosponsor	Sponsored Bills	HD-009	FollowTheMoney	Ballotpedia	VoteSmart
Representative Carol Ammons [D]	Cosponsor	Sponsored Bills	HD-103	FollowTheMoney	Ballotpedia	VoteSmart

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