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Public Act 097-0003
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| SB0398 Enrolled | LRB097 04210 HLH 44249 b |
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. If and only if Senate Bill 4 of the 97th General |
Assembly, as amended by House Amendment 3, becomes law, then |
the Film Production Services Tax Credit Act of 2008 is amended |
by changing Section 42 as follows:
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(35 ILCS 16/42) |
Sec. 42. Sunset of credits. The application of credits |
awarded pursuant to this Act shall be limited by a reasonable |
and appropriate sunset date. A taxpayer shall not be entitled |
to take a credit awarded pursuant to this Act for tax years |
beginning on or after 10 5 years after the effective date of |
this amendatory Act of the 97th General Assembly. After the |
initial 10-year sunset, the General Assembly may extend the |
sunset date by 5-year intervals.
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(Source: 09700SB0004ham003.)
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Section 99. Effective date. This Act takes effect upon |
becoming law, but no earlier than the effective date of Senate |
Bill 4 of the 97th General Assembly.
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