INC TX-ANGEL INVESTMENT CREDIT
Summary
Amends the Illinois Income Tax Act. Raises the limit on angel investment tax credits from $10 million to $20 million in total income tax credits per year. Raises the limit on an applicant's eligible investment from $2 million to $4 million. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2012
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
3
Jan 8, 2013
House · Failed
Session Sine Die
Mar 9, 2012
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 27, 2012
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 16, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Richard Morthland
RRepublican
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