IVCA Provides Updates for State Legislative Issues – 4/02/2025

Illinois Venture Capital Association Illinois Legislative Report
David Stricklin / Stricklin & Associates

Wednesday, April 2, 2025

IVCA LEGISLATION AWAITS FLOOR ACTION IN THE HOUSE

HB 1396 is poised to be heard on the House floor when the Illinois House of Representatives returns to the Capitol next week. The bill seeks to prevent certain Illinois investors from being double taxed on income paid to other states. Of note, House Speaker Chris Welch has added his name as a cosponsor.
House Sponsors
Rep. Curtis J. Tarver, II, Margaret Croke, Daniel Didech, Joe C. Sosnowski and Emanuel “Chris” Welch

The Senate version SB 145 was heard in the Senate Revenue Committee in “subject matter” format, which means the issues were discussed but no votes taken. The Senate approach will be to combine various bills into an omnibus package at the end of the year, which is a time-honored approach. The Senate bill is sponsored by Senate President Pro Tem Bill Cunningham who is a very effective sponsor.

The month of April includes various weeks of Spring Break and weeks where on chamber is in session while the other is not, and a week where both are out. The House and Senate are moving important bills which are smaller in scope during these weeks.
The heart of the legislative session on the big-ticket items including the annual budget will gain traction the last week of April and the month of May in advance of the May 31 adjournment.

NEWS AND NOTES

• WCIA | Pritzker signs trade agreement between Illinois and Mexico: The MOU comes at the start of a delegation trip from Illinois to Mexico City with the purpose of deepening economic cooperation and opportunities between the state and country. This specific agreement emphasizes the strong ties between Mexico and Illinois with a specific focus on bilateral trade in industries including manufacturing, agriculture and finance, according to a media release from Pritzker’s office.
• Sun-Times | Sentencing dates set for ComEd officials convicted of plot to influence Madigan: Summer sentencing dates have been scheduled for four former ComEd officials and lobbyists convicted of conspiring to illegally influence former Illinois House Speaker Michael J. Madigan. […] Hooker is set to be sentenced on July 14, Pramaggiore on July 21, McClain on July 24, and Doherty on Aug. 5.