5 bills in 2 legislatures. None has become law yet.
Developing and Empowering our Aspiring Leaders Act of 2025Congress · S 3351 · Last action Dec 4, 2025 · Official record (opens in a new tab)The bill would require the Securities and Exchange Commission to revise the definition of a qualifying investment for venture capital fund advisers to include equity securities from qualifying portfolio companies and investments in other venture capital funds.Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Referred
Amends the Illinois Income Tax Act.Illinois · HB 3318 · Last action Jun 23, 2020Amends 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.Latest action: House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules CommitteeReferred
Amends the Illinois Income Tax Act.Illinois · SB 11 · Last action Jan 8, 2013Amends the Illinois Income Tax Act. Creates income tax credits for amounts invested by a taxpayer in a qualified new business venture, including investments made through an investment fund manager. Provides that the credit shall be equal to 25% of the amount invested. Provides that the credits may be carried forward for a period of 5 years. Provides that…Latest action: Session Sine DieFailed
Amends the Illinois Income Tax Act.Illinois · HB 3969 · Last action Jan 11, 2011Amends 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.Latest action: Session Sine DieFailed