Bill Texts: IL SB0304 | 2023-2024 | 103rd General Assembly
Bill Title: Amends the Illinois Income Tax Act. In provisions concerning the angel investment credit, provides that the amount of the credit is 35% (rather than 25%) of the claimant's investment made directly in the qualified new business venture if the investment is made in (1) a qualified new business venture that is a minority-owned business, a women-owned business, or a business owned a person with a disability or (2) a qualified new business venture in which the principal place of business is located in a county with a population of not more than 250,000. Increases the aggregate amount of angel investment credits that may be claimed in a taxable year.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments [SB0304 Detail]
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments [SB0304 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
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Introduced | 2023-02-02 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
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No bill amendments currently on file for Illinois SB0304 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
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No supplemental documents for Illinois SB0304 currently on file. |