Illinois General Assembly - Bill Status for HB4196

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Bill Status of HB4196 98th General Assembly

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Short Description: INC TX-ANGEL INVESTMENT CREDIT

House Sponsors
Rep. Thomas Morrison - Elgie R. Sims, Jr.

Last Action

Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/220

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
1/13/2014	House	Filed with the Clerk by Rep. Thomas Morrison
1/13/2014	House	First Reading
1/13/2014	House	Referred to Rules Committee
2/21/2014	House	Added Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
12/3/2014	House	Session Sine Die

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