Illinois General Assembly - Bill Status for HB5426

Synopsis As Introduced
Amends the Live Theater Production Tax Credit Act. Provides that, for credits awarded in the State fiscal year ending on June 30, 2024, a pre-Broadway production must be performed with the goal of having a presentation scheduled for Broadway's Theater District in New York City after its Illinois presentation (currently, the production must have a presentation scheduled for Broadway's Theater District in New York City within 12 months after its Illinois presentation). Provides that the total amount of tax credits awarded pursuant to the Act for the State fiscal year ending on June 30, 2024 shall not exceed $4,000,000 (currently, $2,000,000). Effective immediately.

Actions

Date	Chamber	Action
2/9/2024	House	Filed with the Clerk by Rep. Kelly M. Burke
2/9/2024	House	First Reading
2/9/2024	House	Referred to Rules Committee
2/28/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue - Tax Credit and Incentives Subcommittee
3/13/2024	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Kelly M. Burke
3/13/2024	House	House Committee Amendment No. 1 Referred to Rules Committee
3/20/2024	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee
4/5/2024	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

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