INCOME TAX-ANGEL INVEST CREDIT Senate SponsorsSen. Chuck Weaver House Sponsors(Rep. Ryan Spain) 1/9/2019SenateSession Sine Die 35 ILCS 5/220Amends the Illinois Income Tax Act. Changes the definition of "applicant" and "related member". Provides that the annual allowable amounts shall be allocated by the Department of Commerce and Economic Opportunity if any portion of the unused allocated amount at the end of the first 3 calendar quarters of a calendar year (rather than 2 calendar quarters) are rolled into the total allocated amount for the next calendar quarter. Provides that the annual allowable amounts shall be allocated by the Department if tax credits for investments in minority-owned businesses, women-owned businesses, businesses owned by a person with a disability, or a business in a county with a population of 250,000 or less are limited to the first 3 calendar quarters of a calendar year and after which investors may claim the tax credits of any qualified new business venture. 2/16/2018SenateFiled with Secretary by Sen. Chuck Weaver 2/16/2018SenateFirst Reading 2/16/2018SenateReferred to Assignments 2/27/2018SenateAssigned to Revenue 4/12/2018SenateDo Pass Revenue; 006-000-000 4/12/2018SenatePlaced on Calendar Order of 2nd Reading April 17, 2018 4/19/2018SenateSecond Reading 4/19/2018SenatePlaced on Calendar Order of 3rd Reading April 23, 2018 4/24/2018SenateThird Reading - Passed; 053-000-000 4/24/2018HouseArrived in House 4/26/2018HouseChief House Sponsor Rep. Ryan Spain 4/26/2018HouseFirst Reading 4/26/2018HouseReferred to Rules Committee 1/9/2019SenateSession Sine Die