Bill Status of SB0304  103rd General Assembly


Senate Sponsors
Sen. Suzy Glowiak Hilton - Paul Faraci

Last Action
DateChamber Action
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

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.

DateChamber Action
  2/2/2023SenateFiled with Secretary by Sen. Suzy Glowiak Hilton
  2/2/2023SenateFirst Reading
  2/2/2023SenateReferred to Assignments
  2/7/2023SenateAssigned to Revenue
  2/8/2023SenateAdded as Chief Co-Sponsor Sen. Paul Faraci
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments