Bill Status of SB 3944   102nd General Assembly

Short Description:  FILM TAX CREDIT-RESIDENTS

Senate Sponsors
Sen. Elgie R. Sims, Jr.

Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/213
35 ILCS 16/10
35 ILCS 16/46 new
30 ILCS 105/5.970 new

Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments
  2/1/2022SenateAssigned to Revenue
  2/10/2022SenateDo Pass Revenue; 011-000-000
  2/10/2022SenatePlaced on Calendar Order of 2nd Reading February 15, 2022
  2/22/2022SenateSecond Reading
  2/22/2022SenatePlaced on Calendar Order of 3rd Reading February 23, 2022
  2/25/2022SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2023SenateSession Sine Die

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