Illinois General Assembly - Bill Status for HB5026
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 Bill Status of HB5026  101st General Assembly

Short Description:  FILM CREDIT-TRANSFER

House Sponsors
Rep. William Davis

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/213
30 ILCS 105/5.930 new
30 ILCS 105/6z-114 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, upon the transfer of a film production services credit, the taxpayer shall pay to the Department of Commerce and Economic Opportunity 1.5% of the credit amount, which shall be deposited into the Film Workforce Training and Diversity Fund. Amends the State Finance Act to create the Film Workforce Training and Diversity Fund. Provides that moneys in the Fund shall be used to provide grants to certain organizations and institutions to administer workforce development and training programs that support efforts to recruit, hire, promote, retain, develop, and train a diverse and inclusive workforce in the film industry. Effective immediately.

DateChamber Action
  2/13/2020HouseFiled with the Clerk by Rep. William Davis
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/3/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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