Illinois General Assembly - Bill Status for SB3944

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Bill Status of SB3944 102nd General Assembly

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Short Description: FILM TAX CREDIT-RESIDENTS

Senate Sponsors
Sen. Elgie R. Sims, Jr.

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/213

35 ILCS 16/10

35 ILCS 16/46 new

30 ILCS 105/5.970 new

Synopsis As Introduced
Amends the Illinois Income Tax Act and the Film Production Services Tax Credit Act of 2008. Provides that, if a film production credit is transferred by the taxpayer, then the transferor taxpayer shall pay to the Department of Commerce and Economic Opportunity a specified percentage of the amount transferred, which shall be deposited into the Illinois Production Workforce Development Fund. Provides that, for productions commencing on or after July 1, 2022, the term "Illinois labor expenditures" includes wages paid to non-residents, subject to certain limitations. Amends the State Finance Act to create the Illinois Production Workforce Development Fund. Effective immediately.

Actions

Date	Chamber	Action
1/21/2022	Senate	Filed with Secretary by Sen. Elgie R. Sims, Jr.
1/21/2022	Senate	First Reading
1/21/2022	Senate	Referred to Assignments
2/1/2022	Senate	Assigned to Revenue
2/10/2022	Senate	Do Pass Revenue; 011-000-000
2/10/2022	Senate	Placed on Calendar Order of 2nd Reading February 15, 2022
2/22/2022	Senate	Second Reading
2/22/2022	Senate	Placed on Calendar Order of 3rd Reading February 23, 2022
2/25/2022	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2023	Senate	Session Sine Die

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