For those who don’t know, Illinois has had an “Angel Investment” program since 2012 where investors who invested in qualifying companies would receive a 25% tax credit against their Illinois income taxes. Sounds great in theory, but the types of companies that would be eligible for qualification under this program are severely limited. Not to mention the fact that the program itself expired, pursuant to its terms, as of December 31, 2016. Given the significant beneficial impact an angel investment tax program could have on Illinois business, I drafted a bill (HB 2946) which will both reinstate and improve the Illinois Angel Investment program. As the bill itself is written in legalese (my apologies for that), I felt a summary of the proposed bill and how it actually will work was in order.
While it took longer than expected to get here, Crowdfunding for Illinois businesses is now officially up and running and its full steam ahead. To mark the occasion, a joint press conference was held Tuesday at local incubator 
2016 brought with it many developments in the crowdfunding industry, most notably the introduction of the long-awaited Title III crowdfunding rules. While admittedly not all crowdfunding legislation passed this year was as influential, there have been significant strides made to improve existing securities regulations and to continue prying open the doors of capital and investment. There is still much more to be done however, and 2017 brings the potential for vast improvement. Here are some of the things I am hoping to see come to light in 2017.
Almost a year ago, the SEC proposed 
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Anthony J. Zeoli
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