Bill Status of SB 3528   97th General Assembly

Short Description:  INC TX-DIGITAL MEDIA CREDIT

Senate Sponsors
Sen. Toi W. Hutchinson

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/223 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
  2/8/2012SenateFiled with Secretary by Sen. Toi W. Hutchinson
  2/8/2012SenateFirst Reading
  2/8/2012SenateReferred to Assignments
  2/22/2012SenateAssigned to Revenue
  3/1/2012SenateTo Revenue Subcommittee on Tax Credits
  3/9/2012SenateRule 2-10 Committee Deadline Established As March 30, 2012
  3/30/2012SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

Back To Top