IL HB1892 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 29 2025 - 25% progression
Action: 2025-01-29 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 29 2025 - 25% progression
Action: 2025-01-29 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit. Sets forth the amount of the credit. Authorizes taxpayers to take the credit beginning in the taxable year in which the company has met the investment requirement. Provides for the transfer of credits. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Title
INC TX-DIGITAL MEDIA CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-29 | House | Referred to Rules Committee |
| 2025-01-29 | House | First Reading |
| 2025-01-29 | House | Filed with the Clerk by Rep. Margaret Croke |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1892&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/HB/10400HB1892.htm |
