Bill Title: 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.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced) 2024-04-18 - Added Chief Co-Sponsor Rep. Stephanie A. Kifowit [HB5759 Detail]

Text: Latest bill text (Introduced) [HTML]

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