Bill Text: IL HB1451 | 2013-2014 | 98th General Assembly | Amended

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Bill Title: Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit based on the amount of the Illinois labor expenditure and Illinois production spending approved by the Department of Commerce and Economic Opportunity for the production. 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. Requires the Department to submit a report concerning the program to the General Assembly no later than July 1, 2018. Provides that the Act is repealed on July 1, 2019. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB1451 Detail]

Download: Illinois-2013-HB1451-Amended.html

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Rep. Fred Crespo

Filed: 6/17/2013

09800HB1451ham001 LRB098 07349 HLH 46875 a
AMENDMENT TO HOUSE BILL 1451
AMENDMENT NO. ______. Amend House Bill 1451 on page 9, by
deleting lines 22 and 23.