Venture Capital Credit

In committee: it can still change before the session ends.

IL HB 3318 · House Bill · 101st

Stage: In committee
Started in: House
Sponsor: 1
Latest action: Jun 23, 2020

What it does

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.

Read the full text

Where it stands

Introduced (Done)
Committee (Current step)
In committee · Jun 23, 2020
Floor (Not started)
Law (Not started)

What moved

Who is involved

Where it goes next

While a bill can still move, the questions are about people and money in Illinois.

Who sits in the seats that vote on itA roster is not a certified tally, and a filing is not a place on the ballot.
Who funds the people decidingA receipt is not backing. A contribution does not establish a policy motive.
Who is paid to be heardNaming an institution is the filer's account, not a record of any meeting.