SB 707 Illinois Senate · 99th Regular Session

INC TX-DIGITAL MEDIA CREDIT

Summary

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.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2015

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2015 Last action Jan 10, 2017

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 10, 2017

Senate · Failed

Session Sine Die

Oct 10, 2015

Senate · Referred to committee

Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Oct 10, 2015

Senate · Referred to committee

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Mar 27, 2015

Senate · Reported by committee

Rule 2-10 Committee Deadline Established As April 24, 2015

Mar 17, 2015

Senate · Reported by committee

Senate Committee Amendment No. 1 Assignments Refers to Revenue

Mar 16, 2015

Senate · Referred to committee

Senate Committee Amendment No. 1 Referred to Assignments

Mar 16, 2015

Senate · Amendment offered

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Dan Kotowski

Mar 5, 2015

Senate · Reported by committee

To Subcommittee on Tax Credits

Feb 11, 2015

Senate · Referred to committee

Assigned to Revenue

Feb 3, 2015

Senate · Referred to committee

Referred to Assignments

0 primary · 1 co-sponsor