IL HB2832

Creates the Interactive Digital Media Tax Credit Act providing a 30% income tax credit for interactive digital media companies with accredited productions in Illinois having Illinois production spending exceeding $100,000 per year.

Defines eligible expenses including Illinois labor expenditures (capped at $100,000 per employee), tangible property purchases from Illinois vendors, and service acquisition from Illinois vendors for accredited productions commencing on or after January 1, 2018.

Requires applicants to obtain an accredited production certificate from the Department of Commerce and Economic Opportunity demonstrating the production meets Act guidelines, with the certificate valid from initial certification through production completion.

Allows taxpayers to claim the credit beginning in the taxable year the company meets the investment requirement, with unused credits transferable within 5 years of award; transferees receiving credits cannot further transfer them.

Permits carryforward of unused credits to the next 5 taxable years if credit exceeds tax liability, effective for tax years beginning on or after January 1, 2018.