Bill Status of HB 3969   96th General Assembly


Short Description:  VENTURE CAPITAL CREDIT

House Sponsors
Rep. Mark L. Walker-Keith Farnham-Eddie Lee Jackson, Sr., Carol A. Sente, Jehan A. Gordon, Michael K. Smith, Lou Lang and Eddie Washington

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 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
  2/26/2009HouseFiled with the Clerk by Rep. Mark L. Walker
  2/26/2009HouseFirst Reading
  2/26/2009HouseReferred to Rules Committee
  3/3/2009HouseAssigned to Revenue & Finance Committee
  3/5/2009HouseAdded Chief Co-Sponsor Rep. Keith Farnham
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  10/30/2009HouseAdded Co-Sponsor Rep. Carol A. Sente
  1/27/2010HouseAssigned to Revenue & Finance Committee
  2/10/2010HouseAdded Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.
  2/10/2010HouseChief Co-Sponsor Changed to Rep. Eddie Lee Jackson, Sr.
  2/10/2010HouseAdded Co-Sponsor Rep. Jehan A. Gordon
  2/10/2010HouseAdded Co-Sponsor Rep. Michael K. Smith
  2/16/2010HouseAdded Co-Sponsor Rep. Lou Lang
  3/3/2010HouseAdded Co-Sponsor Rep. Eddie Washington
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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