SB0047sam001 100TH GENERAL ASSEMBLY

Sen. Toi W. Hutchinson

Filed: 5/31/2017

10000SB0047sam001 LRB100 05141 AXK 27436 a

AMENDMENT TO SENATE BILL 47

AMENDMENT NO. ______. Amend Senate Bill 47 by replacing everything after the enacting clause with the following:

"Section 5. The Film Production Services Tax Credit Act of 2008 is amended by changing Section 42 as follows:

(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.

(Source: P.A. 97-2, eff. 5-6-11; 97-3, eff. 5-6-11.)".