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republic-os/legislation/us/states/il/100th/sb-2012.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill INC TX-ANGEL CREDIT Amends the Illinois Income Tax Act. Makes the following changes with respect to the angel investment credit: (1) provides that the credit applies for taxable years ending on or before December 31, 2021 (currently, December 31, 2016); (2) increases the maximum aggregate amount of the angel investment credit from $10,000,000 to $20,000,000; (3) defines "investment" as equity, Simple Agreement for Future Equity (SAFE) Agreements, and convertible notes; (4) provides that each qualified new business venture must renew its registration on an annual basis; (5) provides that, for taxable years ending on or after December 31, 2017, applicants for the credit must make a minimum investment of $10,000 in a qualified new business venture (currently, there is no minimum investment requirement); (6) provides that the maximum amount of an applicant's total investment made directly in any single qualified new business venture that may be used as the basis for a credit under this Section is $2,000,000 (currently, that is the maximum for each investment made in a qualified new business venture); (7) contains recapture provisions; and (8) contains provisions concerning investments in minority-owned businesses, female-owned businesses, or businesses owned by a person with a disability. Effective immediately. us/states/il Illinois General Assembly 100th SB 2012 Illinois SB 2012 (100th)
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3 60 2 2017-02-10 2017-08-24 openstates ocd-bill/ce41c4ab-11b5-4d52-a972-f85958edb0f8 http://ilga.gov/legislation/BillStatus.asp?DocNum=2012&GAID=14&DocTypeID=SB&LegId=105429&SessionID=91&GA=100 f51b92213e5c7143b0ad3ceaf9891fc5508a8bd9977760385534f02ec9dc66ab 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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Illinois SB 2012 (100th) — INC TX-ANGEL CREDIT

Amends the Illinois Income Tax Act. Makes the following changes with respect to the angel investment credit: (1) provides that the credit applies for taxable years ending on or before December 31, 2021 (currently, December 31, 2016); (2) increases the maximum aggregate amount of the angel investment credit from $10,000,000 to $20,000,000; (3) defines "investment" as equity, Simple Agreement for Future Equity (SAFE) Agreements, and convertible notes; (4) provides that each qualified new business venture must renew its registration on an annual basis; (5) provides that, for taxable years ending on or after December 31, 2017, applicants for the credit must make a minimum investment of $10,000 in a qualified new business venture (currently, there is no minimum investment requirement); (6) provides that the maximum amount of an applicant's total investment made directly in any single qualified new business venture that may be used as the basis for a credit under this Section is $2,000,000 (currently, that is the maximum for each investment made in a qualified new business venture); (7) contains recapture provisions; and (8) contains provisions concerning investments in minority-owned businesses, female-owned businesses, or businesses owned by a person with a disability. Effective immediately.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Third Reading — 50–0 (pass) · upper
  • Third Reading — 113–0 (pass) · lower

Sponsors

  • Anthony DeLuca — cosponsor (person)
  • Avery Bourne — cosponsor (person)
  • Brandon W. Phelps — cosponsor (person)
  • Chuck Weaver — primary (person)
  • Daniel V. Beiser — cosponsor (person)
  • David S. Olsen — cosponsor (person)
  • Elizabeth Hernandez — cosponsor (person)
  • Emanuel Chris Welch — cosponsor (person)
  • Jerry Costello, II — cosponsor (person)
  • Kathleen Willis — cosponsor (person)
  • Keith R. Wheeler — cosponsor (person)
  • La Shawn K. Ford — cosponsor (person)
  • Lawrence Walsh, Jr. — cosponsor (person)
  • Linda Chapa LaVia — cosponsor (person)
  • Marcus C. Evans, Jr. — cosponsor (person)
  • Michael P. McAuliffe — cosponsor (person)
  • Mike Fortner — cosponsor (person)
  • Patricia R. Bellock — cosponsor (person)
  • Randy E. Frese — cosponsor (person)
  • Sam Yingling — cosponsor (person)
  • Tim Butler — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2017-02-10 Filed with Secretary by Sen. Chuck Weaver filing
  • 2017-02-10 First Reading reading-1
  • 2017-02-10 Referred to Assignments referral-committee
  • 2017-02-28 Assigned to Revenue referral-committee
  • 2017-03-09 Postponed - Revenue
  • 2017-03-16 Postponed - Revenue
  • 2017-03-17 Rule 2-10 Committee Deadline Established As April 7, 2017
  • 2017-04-06 Postponed - Revenue
  • 2017-04-07 Rule 2-10 Committee Deadline Established As May 5, 2017
  • 2017-04-27 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Chuck Weaver amendment-introduction
  • 2017-04-27 Senate Committee Amendment No. 1 Referred to Assignments referral-committee
  • 2017-05-02 Senate Committee Amendment No. 1 Assignments Refers to Revenue
  • 2017-05-03 Senate Committee Amendment No. 1 Adopted amendment-passage
  • 2017-05-04 Do Pass as Amended Revenue; 009-000-000 committee-passage
  • 2017-05-04 Placed on Calendar Order of 2nd Reading
  • 2017-05-04 Second Reading reading-2
  • 2017-05-04 Placed on Calendar Order of 3rd Reading May 5, 2017
  • 2017-05-04 Rule 2-10 Third Reading Deadline Established As May 31, 2017 reading-3
  • 2017-05-05 Third Reading - Passed; 050-000-000 reading-3, passage
  • 2017-05-08 Arrived in House introduction
  • 2017-05-08 Chief House Sponsor Rep. Carol Sente
  • 2017-05-09 First Reading reading-1
  • 2017-05-09 Referred to Rules Committee referral-committee
  • 2017-05-15 Assigned to Revenue & Finance Committee referral-committee
  • 2017-05-18 Added Alternate Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
  • 2017-05-19 Committee Deadline Extended-Rule 9(b) May 26, 2017
  • 2017-05-24 Do Pass / Short Debate Revenue & Finance Committee; 011-000-000 committee-passage
  • 2017-05-24 Placed on Calendar 2nd Reading - Short Debate
  • 2017-05-24 Added Alternate Chief Co-Sponsor Rep. Grant Wehrli
  • 2017-05-24 Added Alternate Chief Co-Sponsor Rep. Brian W. Stewart
  • 2017-05-24 Second Reading - Short Debate reading-2
  • 2017-05-24 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2017-05-24 Added Alternate Co-Sponsor Rep. Emanuel Chris Welch
  • 2017-05-24 Added Alternate Co-Sponsor Rep. Anthony DeLuca
  • 2017-05-24 Added Alternate Co-Sponsor Rep. Keith R. Wheeler
  • 2017-05-24 Added Alternate Co-Sponsor Rep. Tim Butler
  • 2017-05-24 Added Alternate Co-Sponsor Rep. Jerry Costello, II
  • 2017-05-24 Added Alternate Co-Sponsor Rep. Randy E. Frese
  • 2017-05-24 Added Alternate Co-Sponsor Rep. Avery Bourne
  • 2017-05-24 Added Alternate Co-Sponsor Rep. Michael P. McAuliffe
  • 2017-05-24 Added Alternate Chief Co-Sponsor Rep. Jaime M. Andrade, Jr.
  • 2017-05-26 Final Action Deadline Extended-9(b) May 31, 2017
  • 2017-05-30 Third Reading - Short Debate - Passed 113-000-000 reading-3, passage
  • 2017-05-30 Added Alternate Co-Sponsor Rep. Elizabeth Hernandez
  • 2017-05-30 Added Alternate Co-Sponsor Rep. Mike Fortner
  • 2017-05-30 Added Alternate Co-Sponsor Rep. David S. Olsen
  • 2017-05-30 Added Alternate Co-Sponsor Rep. Linda Chapa LaVia
  • 2017-05-30 Passed Both Houses
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Patricia R. Bellock
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Lawrence Walsh, Jr.
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Brandon W. Phelps
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Daniel V. Beiser
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Kathleen Willis
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Sam Yingling
  • 2017-05-31 Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
  • 2017-05-31 Added Alternate Co-Sponsor Rep. La Shawn K. Ford
  • 2017-06-28 Sent to the Governor executive-receipt
  • 2017-08-24 Governor Approved executive-signature
  • 2017-08-24 Effective Date January 1, 2018
  • 2017-08-24 Public Act . . . . . . . . . 100-0328 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/ce41c4ab-11b5-4d52-a972-f85958edb0f8. Confidence: reported (aggregated from official Illinois legislature records).

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