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HB 1451 Illinois House · 98th Regular Session

DIGITAL MEDIA TAX CREDIT

Summary
Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit based on the amount of the Illinois labor expenditure and Illinois production spending approved by the Department of Commerce and Economic Opportunity for the production. 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. Requires the Department to submit a report concerning the program to the General Assembly no later than July 1, 2018. Provides that the Act is repealed on July 1, 2019. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2013 Last action Dec 3, 2014
Floor votes

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Full legislative history

Actions timeline

Total actions
13
Key actions
0
Committee
6
Amendments
1
Aug 9, 2013
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Jun 17, 2013
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Jun 17, 2013
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Fred Crespo
lower
Jun 12, 2013
Committee
Assigned to Revenue & Finance Committee
lower
Mar 22, 2013
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 19, 2013
Committee
Assigned to Revenue & Finance Committee
lower
Feb 13, 2013
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.