Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/224 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 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, 2020. Provides that the Act is repealed on July 1, 2021. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 

Date	Chamber	Action
1/28/2015	House	Filed with the Clerk by Rep. Fred Crespo
1/28/2015	House	First Reading
1/28/2015	House	Referred to Rules Committee
2/13/2015	House	Assigned to Revenue & Finance Committee
2/20/2015	House	To Income Tax Subcommittee
3/27/2015	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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