IL SB3905

Modifies the definition of "pre-Broadway production" to require productions have "the goal of" scheduling a Broadway presentation, removing the previous requirement that a presentation be scheduled within 12 months of the Illinois performance.

Increases the total tax credit cap for State Fiscal Year ending June 30, 2024 from $2,000,000 to $4,000,000, with separate $2,000,000 caps for non-Broadway touring shows and commercial Broadway touring shows.

Applies the increased $4,000,000 cap to both fiscal years ending June 30, 2023 and June 30, 2024.

Maintains the standard $2,000,000 annual tax credit cap for all other fiscal years.

Takes effect immediately upon enactment.