Illinois General Assembly - Bill Status for SB0707
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 Bill Status of SB0707  99th General Assembly


Short Description:  INC TX-DIGITAL MEDIA CREDIT

Senate Sponsors
Sen. Dan Kotowski

Last Action
DateChamber Action
  1/10/2017SenateSession 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 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
  2/3/2015SenateFiled with Secretary by Sen. Dan Kotowski
  2/3/2015SenateFirst Reading
  2/3/2015SenateReferred to Assignments
  2/11/2015SenateAssigned to Revenue
  3/5/2015SenateTo Subcommittee on Tax Credits
  3/16/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Dan Kotowski
  3/16/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/17/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015
  4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
  5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
  10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  10/10/2015SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/10/2017SenateSession Sine Die

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