IL SB0707 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 3 2015 - 25% progression, died in committee
Action: 2015-10-10 - Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 3 2015 - 25% progression, died in committee
Action: 2015-10-10 - Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments 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 in the amount of 30% of certain expenses incurred by the applicant for an accredited production in a taxable year. 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 |
|---|---|---|
| 2015-10-10 | Senate | Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2015-10-10 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2015-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 |
| 2015-04-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015 |
| 2015-03-27 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2015 |
| 2015-03-17 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 2015-03-16 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2015-03-16 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Dan Kotowski |
| 2015-03-05 | Senate | To Subcommittee on Tax Credits |
| 2015-02-11 | Senate | Assigned to Revenue |
| 2015-02-03 | Senate | Referred to Assignments |
| 2015-02-03 | Senate | First Reading |
| 2015-02-03 | Senate | Filed with Secretary by Sen. Dan Kotowski |
