Illinois General Assembly - Bill Status for HB3318
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 Bill Status of HB3318  101st General Assembly


Short Description:  VENTURE CAPITAL CREDIT

House Sponsors
Rep. Mark L. Walker

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/229 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides for a credit in an amount equal to 25% of the taxpayer's equity investment in a qualified new business venture, including investments made through a certified fund manager. Sets forth limitations on the credit.

Actions 
DateChamber Action
  2/15/2019HouseFiled with the Clerk by Rep. Mark L. Walker
  2/15/2019HouseFirst Reading
  2/15/2019HouseReferred to Rules Committee
  3/5/2019HouseAssigned to Revenue & Finance Committee
  3/14/2019HouseTo Income Tax Subcommittee
  3/27/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
  3/27/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/28/2019HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  3/29/2019HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  1/28/2020HouseAssigned to Revenue & Finance Committee
  1/28/2020HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  2/5/2020HouseTo Income Tax Subcommittee
  3/6/2020HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Mark L. Walker
  3/6/2020HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  6/23/2020HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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