IL HB5426 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-04-05 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Live Theater Production Tax Credit Act. Provides that, for credits awarded in the State fiscal year ending on June 30, 2024, a pre-Broadway production must be performed with the goal of having a presentation scheduled for Broadway's Theater District in New York City after its Illinois presentation (currently, the production must have a presentation scheduled for Broadway's Theater District in New York City within 12 months after its Illinois presentation). Provides that the total amount of tax credits awarded pursuant to the Act for the State fiscal year ending on June 30, 2024 shall not exceed $4,000,000 (currently, $2,000,000). Effective immediately.

Tracking Information

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Title

LIVE THEATER CREDIT-BROADWAY

Sponsors


History

DateChamberAction
2024-04-05HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2024-04-05HouseRule 19(a) / Re-referred to Rules Committee
2024-03-20HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2024-03-13HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2024-03-13HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Kelly M. Burke
2024-03-08HouseTo Revenue - Tax Credit and Incentives Subcommittee
2024-02-28HouseAssigned to Revenue & Finance Committee
2024-02-09HouseReferred to Rules Committee
2024-02-09HouseFirst Reading
2024-02-09HouseFiled with the Clerk by Rep. Kelly M. Burke

Code Citations

ChapterArticleSectionCitation TypeStatute Text
351710-10Amended CodeCitation Text
351710-20Amended CodeCitation Text

Illinois State Sources


Bill Comments

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