Illinois Senate Bill 3395

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Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on February 8 2024 - 25% progression
Action: 2024-04-23 - Added as Co-Sponsor Sen. Laura Fine
Pending: Senate Revenue Committee
Text: Latest bill text (Introduced) [HTML]

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.

MUSIC TAX CREDIT ACT

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]

Date	Chamber	Action
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

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

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