DCEO-VARIOUS
Summary
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall provide on its website a central repository for new and existing businesses with specified business-related content. Amends the Illinois Enterprise Zone Act. Contains provisions concerning certification and decertification of Enterprise Zones. Amends the Illinois Income Tax Act. Makes changes concerning the angel investment credit. Provides for a credit for taxpayers who hire full-time employees to fill positions at a location in a county with fewer than 250,000 inhabitants. Amends the Technology Development Act. Removes a provision limiting investment in funds created by an Illinois venture capital firm. Provides that distributions from a TDA II-Recipient Fund, in an amount not to exceed the commitment amount and total distributions received, may be reinvested into a specified account without being counted against the 5% cap. Provides that specified moneys in the Technology Development Fund may be provided as grants to technology businesses in order to foster, accelerate, and scale technology innovation in Illinois. Modifies the term "technology business" to expand the meaning of technology oriented or emerging activity. Makes conforming changes. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2021
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
2
Committee
7
Amendments
1
Mar 27, 2021
Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
lower
Mar 27, 2021
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 23, 2021
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Mar 22, 2021
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 22, 2021
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
lower
Mar 18, 2021
Lower · Passed
To Income Tax Subcommittee
lower
Mar 9, 2021
Committee
Assigned to Revenue & Finance Committee
lower
Feb 17, 2021
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Walker
DDemocratic
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