IL HB3969 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on February 26 2009 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 26 2009 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
VENTURE CAPITAL CREDIT
Sponsors
| Rep. Keith Farnham [D] | Rep. Jehan Gordon-Booth [D] | Rep. Eddie Jackson [D] | Rep. Louis Lang [D] |
| Rep. Carol Sente [D] | Rep. Michael Smith [D] | Sen. Mark Walker [D] | Rep. Eddie Washington [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-15 | Rule 19(a) / Re-referred to Rules Committee | |
| 2010-03-03 | Added Co-Sponsor Rep. Eddie Washington | |
| 2010-02-16 | Added Co-Sponsor Rep. Lou Lang | |
| 2010-02-10 | Added Co-Sponsor Rep. Michael K. Smith | |
| 2010-02-10 | Added Co-Sponsor Rep. Jehan A. Gordon | |
| 2010-02-10 | Chief Co-Sponsor Changed to Rep. Eddie Lee Jackson, Sr. | |
| 2010-02-10 | Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr. | |
| 2010-01-27 | Assigned to Revenue & Finance Committee | |
| 2009-10-30 | Added Co-Sponsor Rep. Carol A. Sente | |
| 2009-03-13 | Rule 19(a) / Re-referred to Rules Committee | |
| 2009-03-05 | Added Chief Co-Sponsor Rep. Keith Farnham | |
| 2009-03-03 | Assigned to Revenue & Finance Committee | |
| 2009-02-26 | Referred to Rules Committee | |
| 2009-02-26 | First Reading | |
| 2009-02-26 | Filed with the Clerk by Rep. Mark L. Walker |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3969&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB3969.htm |
