<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5793   </title>
<shortdesc>INC TX-ANGEL INVESTMENT CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Richard Morthland-Thomas Morrison-Mike Bost</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/220</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Raises the limit on angel investment tax credits from $10 million to $20 million in total income tax credits per year. Raises the limit on an applicant's eligible investment from $2 million to $4 million. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Richard Morthland</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/27/2012</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Thomas Morrison</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Mike Bost</action>
<statusdate>3/9/2012</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

