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: (Enrolled) 2024-06-21 - Sent to the Governor [SB3155 Detail]

Text: Latest bill text (Enrolled) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	Third Reading in House	2024-05-23	112	0	0	0	112	Passed	Link	View
Senate	Third Reading in Senate	2024-04-12	59	0	0	0	59	Passed	Link	View

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