Date	Chamber	Action
1/7/2025	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/220

Synopsis As Introduced
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.

Actions 

Date	Chamber	Action
2/2/2023	Senate	Filed with Secretary by Sen. Suzy Glowiak Hilton
2/2/2023	Senate	First Reading
2/2/2023	Senate	Referred to Assignments
2/7/2023	Senate	Assigned to Revenue
2/8/2023	Senate	Added as Chief Co-Sponsor Sen. Paul Faraci
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments
1/7/2025	Senate	Session Sine Die

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