IL SB3359 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 5-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that, upon the transfer of a film production services credit, the taxpayer shall pay to the Department of Commerce and Economic Opportunity 1.5% of the credit amount, which shall be deposited into the Film Workforce Training and Diversity Fund. Amends the State Finance Act to create the Film Workforce Training and Diversity Fund. Provides that moneys in the Fund shall be used to provide grants to certain organizations and institutions to administer workforce development and training programs that support efforts to recruit, hire, promote, retain, develop, and train a diverse and inclusive workforce in the film industry. Effective immediately.

Tracking Information

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Title

FILM CREDIT-TRANSFER

Sponsors


History

DateChamberAction
2021-01-13SenateSession Sine Die
2020-04-12SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-02-27SenateAdded as Co-Sponsor Sen. Laura M. Murphy
2020-02-26SenateAdded as Co-Sponsor Sen. Antonio Muñoz
2020-02-26SenateAdded as Chief Co-Sponsor Sen. Christopher Belt
2020-02-25SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
2020-02-25SenateAssigned to Commerce and Economic Development
2020-02-14SenateReferred to Assignments
2020-02-14SenateFirst Reading
2020-02-14SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.

Code Citations

ChapterArticleSectionCitation TypeStatute Text
301055.930New CodeSee Bill Text
301056z-114New CodeSee Bill Text
355213Amended CodeCitation Text

Illinois State Sources


Bill Comments

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