Bill Status of SB 164   97th General Assembly


Short Description:  INC TX-DIGITAL MEDIA CREDIT

Senate Sponsors
Sen. Dan Kotowski-Chris Lauzen-Michael Noland

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/221 new

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/8/2011SenateFiled with Secretary by Sen. Dan Kotowski
  2/8/2011SenateFirst Reading
  2/8/2011SenateReferred to Assignments
  2/9/2011SenateAssigned to Revenue
  2/15/2011SenatePostponed - Revenue
  3/3/2011SenatePostponed - Revenue
  3/10/2011SenateHeld in Revenue
  3/17/2011SenateTo Revenue Subcommittee on Tax Credits
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  5/11/2011SenateAdded as Chief Co-Sponsor Sen. Chris Lauzen
  5/13/2011SenateAdded as Chief Co-Sponsor Sen. Michael Noland
  1/8/2013SenateSession Sine Die

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