Bill Texts: IL HB1318 | 2011-2012 | 97th General Assembly

Bill Title: 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.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB1318 Detail]

Bill Drafts

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IntroducedNot AvailHTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB1318

Supplemental Documents

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No supplemental documents for Illinois HB1318 currently on file.

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