<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4196         </title>
<shortdesc>INC TX-ANGEL INVESTMENT CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Thomas Morrison-Elgie R. Sims, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</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>1/13/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Thomas Morrison</action>
<statusdate>1/13/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/13/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/21/2014</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Elgie R. Sims, Jr.</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

