Fabio
106 lines
5.4 KiB
Markdown
106 lines
5.4 KiB
Markdown
---
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type: "Bill"
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title: "INC TX-ANGEL CREDIT"
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description: "Amends the Illinois Income Tax Act. In provisions requiring a claimant or claimants to repay certain amounts received under the angel investment tax credit if a qualified new business venture fails to maintain its minimum employment threshold, provides that, during the 3-year reporting period that includes March 13, 2020 to January 1, 2024, the repayment of any tax credits issued under those provisions shall be determined at the discretion of the Department of Commerce and Economic Opportunity. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "103rd"
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identifier: "SB 3155"
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citation: "Illinois SB 3155 (103rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Bill Cunningham", "Curtis J. Tarver, II"]
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version_count: 3
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action_count: 35
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vote_count: 4
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first_action: "2024-02-06"
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last_action: "2024-08-09"
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source: "openstates"
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source_identifier: "ocd-bill/79cd0a49-88be-418b-bfe4-fd9ad59d116e"
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source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=3155&GAID=17&DocTypeID=SB&LegId=152410&SessionID=112"
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source_hash: "2cc1570ac3793eb2153c40c5e4fa2f21a44ba724575f9596c8a32b14919b1cef"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 3155 (103rd) — INC TX-ANGEL CREDIT
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Amends the Illinois Income Tax Act. In provisions requiring a claimant or claimants to repay certain amounts received under the angel investment tax credit if a qualified new business venture fails to maintain its minimum employment threshold, provides that, during the 3-year reporting period that includes March 13, 2020 to January 1, 2024, the repayment of any tax credits issued under those provisions shall be determined at the discretion of the Department of Commerce and Economic Opportunity. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3155.pdf)
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2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3155eng.pdf)
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3. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3155enr.pdf)
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## Votes
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- Third Reading — **59–0** (pass) · lower
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- Revenue & Finance — **15–0** (pass) · lower
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- Revenue — **8–0** (pass) · lower
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- Third Reading — **112–0** (pass) · lower
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## Sponsors
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- Bill Cunningham — primary (person)
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- Curtis J. Tarver, II — primary (person)
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- Carol Ammons — cosponsor (person)
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- Joyce Mason — cosponsor (person)
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- Mary Gill — cosponsor (person)
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- Matt Hanson — cosponsor (person)
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- Rita Mayfield — cosponsor (person)
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- Sharon Chung — cosponsor (person)
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- Win Stoller — cosponsor (person)
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- Yolonda Morris — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-02-06** Filed with Secretary by Sen. Bill Cunningham `filing`
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- **2024-02-06** First Reading `reading-1`
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- **2024-02-06** Referred to Assignments
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- **2024-02-14** Assigned to Revenue `referral-committee`
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- **2024-02-20** Added as Co-Sponsor Sen. Win Stoller
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- **2024-02-21** Do Pass Revenue; 008-000-000
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- **2024-02-21** Placed on Calendar Order of 2nd Reading February 22, 2024 `reading-2`
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- **2024-03-14** Second Reading `reading-2`
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- **2024-03-14** Placed on Calendar Order of 3rd Reading March 20, 2024
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- **2024-04-10** Placed on Calendar Order of 3rd Reading **
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- **2024-04-12** Third Reading - Passed; 059-000-000 `passage, reading-3`
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- **2024-04-12** Arrived in House `introduction`
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- **2024-04-12** Chief House Sponsor Rep. Curtis J. Tarver, II
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- **2024-04-15** First Reading `reading-1`
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- **2024-04-15** Referred to Rules Committee
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- **2024-04-24** Assigned to Revenue & Finance Committee `referral-committee`
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- **2024-05-03** Committee/Final Action Deadline Extended-9(b) May 24, 2024
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- **2024-05-14** Do Pass / Short Debate Revenue & Finance Committee; 015-000-000
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- **2024-05-15** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2024-05-16** Second Reading - Short Debate `reading-2`
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- **2024-05-16** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2024-05-23** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2024-05-23** Added Alternate Co-Sponsor Rep. Sharon Chung
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- **2024-05-23** Added Alternate Co-Sponsor Rep. Rita Mayfield
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- **2024-05-23** Added Alternate Co-Sponsor Rep. Joyce Mason
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- **2024-05-23** Added Alternate Co-Sponsor Rep. Mary Gill
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- **2024-05-23** Added Alternate Co-Sponsor Rep. Matt Hanson
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- **2024-05-23** Added Alternate Co-Sponsor Rep. Yolonda Morris
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- **2024-05-23** Added Alternate Co-Sponsor Rep. Carol Ammons
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- **2024-05-23** Third Reading - Short Debate - Passed 112-000-000 `passage, reading-3`
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- **2024-05-23** Passed Both Houses
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- **2024-06-21** Sent to the Governor `executive-receipt`
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- **2024-08-09** Governor Approved `executive-signature`
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- **2024-08-09** Effective Date August 9, 2024
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- **2024-08-09** Public Act . . . . . . . . . 103-0945 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/79cd0a49-88be-418b-bfe4-fd9ad59d116e`. Confidence: reported (aggregated from official Illinois legislature records).
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