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<xml>
<title>Illinois General Assembly - Bill Status for HB 3969   </title>
<shortdesc>VENTURE CAPITAL CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Mark L. Walker-Keith Farnham-Eddie Lee Jackson, Sr., Carol A. Sente, Jehan A. Gordon, Michael K. Smith, Lou Lang and Eddie Washington</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/218 new</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Mark L. Walker</action>
<statusdate>2/26/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/26/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/3/2009</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/5/2009</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Keith Farnham</action>
<statusdate>3/13/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>10/30/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Carol A. Sente</action>
<statusdate>1/27/2010</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Changed to Rep. Eddie Lee Jackson, Sr.</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jehan A. Gordon</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael K. Smith</action>
<statusdate>2/16/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lou Lang</action>
<statusdate>3/3/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Eddie Washington</action>
<statusdate>3/15/2010</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

