INC TX-ANGEL INVESTMENT House SponsorsRep. Margaret Croke, Joe C. Sosnowski, Mark L. Walker, Travis Weaver, Martin McLaughlin and Ann M. Williams 1/7/2025HouseSession Sine Die 35 ILCS 5/220 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. 1/18/2023HouseFiled with the Clerk by Rep. Margaret Croke 1/18/2023HouseAdded Chief Co-Sponsor Rep. Norine K. Hammond 1/18/2023HouseRemove Chief Co-Sponsor Rep. Norine K. Hammond 1/31/2023HouseFirst Reading 1/31/2023HouseReferred to Rules Committee 2/7/2023HouseAssigned to Revenue & Finance Committee 2/16/2023HouseTo Revenue - Tax Credit and Incentives Subcommittee 2/23/2023HouseAdded Co-Sponsor Rep. Joe C. Sosnowski 2/23/2023HouseAdded Co-Sponsor Rep. Mark L. Walker 2/28/2023HouseAdded Co-Sponsor Rep. Travis Weaver 2/28/2023HouseAdded Co-Sponsor Rep. Martin McLaughlin 2/28/2023HouseAdded Co-Sponsor Rep. Ann M. Williams 3/10/2023HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die