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Illinois
Tax Credit
Rolling
Illinois Angel Investment Tax Credit Program
Illinois Department of Commerce and Economic Opportunity (DCEO)
Funding Amount
25% tax credit on investment up to $2 million (35% for Set-Aside QNBVs). $15 million allocated annually, released by quarter; once a quarter's allocation is exhausted no further credits issue until the next quarter.
Investor tax credit, quarterly allocation, first-come-first-served
Eligibility
Investor: minimum $10,000 investment per company, equity-based only, 3-year holding period with annual attestations. Company (Qualified New Business Venture): principal operations in Illinois, at least 51% of staff in-state, fewer than 100 employees, operating no more than 10 consecutive years, no more than $10 million in total prior investment received.
Source & Verification
Source 1: https://dceo.illinois.gov/expandrelocate/incentives/taxassistance/angelinvestment.html (accessed 2026-08-01)
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