IL HB2832 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
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.

Tracking Information

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Title

INC TX-DIGITAL MEDIA CREDIT

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-04-21HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
2017-03-31HouseRule 19(a) / Re-referred to Rules Committee
2017-03-09HouseTo Income Tax Subcommittee
2017-02-22HouseAssigned to Revenue & Finance Committee
2017-02-09HouseReferred to Rules Committee
2017-02-09HouseFirst Reading
2017-02-09HouseFiled with the Clerk by Rep. Arthur Turner

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355224New CodeSee Bill Text

Illinois State Sources


Bill Comments

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