IL SB3395 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 8-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 8-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Music and Musicians Tax Credit and Jobs Act. Provides that the Department of Commerce and Economic Opportunity may award credits to qualified music companies. Creates the Music Education Scholarship Act. Provides that the Board of Higher Education may award scholarships to applicants who are enrolled in or accepted for admission to an associate, baccalaureate, or graduate degree program in music education and who agree to meet certain teaching obligations. Amends the Illinois Income Tax Act. Creates certain income tax credits for theater infrastructure projects. Amends the Live Theater Production Tax Credit Act. Renames the Act as the Live Music and Theater Production Tax Credit Act. Provides that the Act also applies to musical performances.
Title
MUSIC TAX CREDIT ACT
Sponsors
Sen. Sara Feigenholtz [D] | Sen. Lakesia Collins [D] | Sen. Mike Porfirio [D] | Sen. William Cunningham [D] |
Sen. Mattie Hunter [D] | Sen. Paul Faraci [D] | Sen. Laura Ellman [D] | Sen. Laura Fine [D] |
History
Date | Chamber | Action |
---|---|---|
2025-01-07 | Senate | Session Sine Die |
2024-05-03 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2024-04-23 | Senate | Added as Co-Sponsor Sen. Laura Fine |
2024-04-10 | Senate | Added as Co-Sponsor Sen. Laura Ellman |
2024-04-09 | Senate | Added as Co-Sponsor Sen. Paul Faraci |
2024-04-09 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
2024-04-09 | Senate | Added as Co-Sponsor Sen. Bill Cunningham |
2024-04-09 | Senate | Added as Co-Sponsor Sen. Mike Porfirio |
2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
2024-03-25 | Senate | Added as Chief Co-Sponsor Sen. Lakesia Collins |
2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
2024-02-20 | Senate | Assigned to Revenue |
2024-02-08 | Senate | Referred to Assignments |
2024-02-08 | Senate | First Reading |
2024-02-08 | Senate | Filed with Secretary by Sen. Sara Feigenholtz |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 17 | 10-1 | Amended Code | Citation Text |
35 | 17 | 10-10 | Amended Code | Citation Text |
35 | 17 | 10-15 | Amended Code | Citation Text |
35 | 17 | 10-20 | Amended Code | Citation Text |
35 | 17 | 10-25 | Amended Code | Citation Text |
35 | 17 | 10-30 | Amended Code | Citation Text |
35 | 17 | 10-40 | Amended Code | Citation Text |
35 | 17 | 10-5 | Amended Code | Citation Text |
35 | 17 | 10-50 | Amended Code | Citation Text |
35 | 5 | 203 | Amended Code | Citation Text |
35 | 5 | 222 | Amended Code | Citation Text |
35 | 5 | 241 | New Code | See Bill Text |
35 | 5 | 242 | New Code | See Bill Text |
5 | 140 | 7.5 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3395&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/SB/10300SB3395.htm |