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Public Act 101-0178
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| SB1595 Enrolled | LRB101 08982 HLH 54075 b |
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. 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 January 1, 2027 10 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: P.A. 97-2, eff. 5-6-11; 97-3, eff. 5-6-11.)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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