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HB 3318 Illinois House · 101st Regular Session

VENTURE CAPITAL CREDIT

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2019 Last action Jun 23, 2020
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
17
Key actions
4
Committee
13
Amendments
2
Jun 23, 2020
Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
lower
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Mar 6, 2020
Committee
House Committee Amendment No. 2 Referred to Rules Committee
lower
Mar 6, 2020
Introduced
House Committee Amendment No. 2 Filed with Clerk by Rep. Mark L. Walker
lower
Feb 5, 2020
Lower · Passed
To Income Tax Subcommittee
lower
Jan 28, 2020
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Jan 28, 2020
Committee
Assigned to Revenue & Finance Committee
lower
Mar 29, 2019
Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
lower
Mar 29, 2019
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 28, 2019
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Mar 27, 2019
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 27, 2019
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
lower
Mar 14, 2019
Lower · Passed
To Income Tax Subcommittee
lower
Mar 5, 2019
Committee
Assigned to Revenue & Finance Committee
lower
Feb 15, 2019
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.