FILM TAX CREDIT-RESIDENTS
Summary
Amends the Illinois Income Tax Act and the Film Production Services Tax Credit Act of 2008. Provides that, if a film production credit is transferred by the taxpayer, then the transferor taxpayer shall pay to the Department of Commerce and Economic Opportunity a specified percentage of the amount transferred, which shall be deposited into the Illinois Production Workforce Development Fund. Provides that, for productions commencing on or after July 1, 2022, the term "Illinois labor expenditures" includes wages paid to non-residents, subject to certain limitations. Amends the State Finance Act to create the Illinois Production Workforce Development Fund. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2022
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
0
Committee
4
Jan 10, 2023
Senate · Failed
Session Sine Die
Feb 25, 2022
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Feb 10, 2022
Senate · Reported by committee
Do Pass Revenue; 011-000-000
Feb 1, 2022
Senate · Referred to committee
Assigned to Revenue
Jan 21, 2022
Senate · Referred to committee
Referred to Assignments
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Elgie Sims
DDemocratic
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