Loading chat...

IL SB1595

Bill

Official Source

Status

Passed

8/1/2019

Primary Sponsor

Elgie Sims

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Amends the Film Production Services Tax Credit Act of 2008 to extend the sunset date for film tax credits to January 1, 2027
  • Replaces the previous 10-year sunset provision (which would have expired in 2021) with an extended deadline allowing credits through tax years beginning before January 1, 2027
  • Removes the provision allowing the General Assembly to extend the sunset by 5-year intervals after the initial 10-year period
  • Takes effect upon becoming law

Legislative Description

FILM TAX CREDIT-PERMANENT

Last Action

Public Act . . . . . . . . . 101-0178

8/1/2019

Committee Referrals

Revenue & Finance5/20/2019
Rules5/10/2019
Executive5/7/2019
Rules4/30/2019
Revenue2/27/2019
Assignments2/15/2019

Full Bill Text

No bill text available