INC TX-LIVE THEATER CREDIT
Summary
Creates the Live Theater Production Tax Credit Act. Provides that certain taxpayers who are theater producers, owners, licensees, or operators, or who otherwise present live stage presentations within the State, are entitled to a credit against their income tax liability equal to a percentage of their Illinois production spending and Illinois labor expenditures. Provides that eligibility for the credit is determined by the Department of Commerce and Economic Opportunity. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2011
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2011
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 8, 2013
Senate · Failed
Session Sine Die
Mar 18, 2011
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 3, 2011
Senate · Reported by committee
To Revenue Subcommittee on Tax Credits
Feb 23, 2011
Senate · Referred to committee
Assigned to Revenue
Jan 27, 2011
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Dan Kotowski
DDemocratic
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