<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1263         </title>
<shortdesc>INC TX-ANGEL CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Daniel Biss</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>Senate</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. Extends the angel investment credit for taxable years ending on or before December 31, 2021 (currently, December 31, 2016). Provides that the aggregate amount of angel investment tax credits shall be limited to $20,000,000 per calendar year (currently, $10,000,000).</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2015</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Daniel Biss</action>
<statusdate>2/17/2015</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/17/2015</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/25/2015</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/5/2015</statusdate><chamber>Senate</chamber><action>To Subcommittee on Tax Credits</action>
<statusdate>3/27/2015</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 24, 2015</action>
<statusdate>4/24/2015</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015</action>
<statusdate>5/15/2015</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015</action>
<statusdate>10/10/2015</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

