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HB2870 - 104th General Assembly
FILM TX CREDIT-SPENDING
Last Action
House Sponsors
Rep. Margaret Croke - Kimberly Du Buclet - Jawaharial Williams - Yolonda Morris, Marcus C. Evans, Jr. and Bob MorganStatutes Amended In Order of Appearance
35 ILCS 5/701from Ch. 120, par. 7-701
Synopsis As Introduced
Amends the Film Production Services Tax Credit Act of 2008. Provides that accredited productions shall be considered Category 1 productions or Category 2 productions. Provides that a Category 1 production is an accredited production that meets the following criteria: (1) at least 75% of all principal filming or taping days of the accredited production that occur at any soundstage facility within or without Illinois occur at a qualified production facility; and (2) at least 20% of the total expenditures for the accredited production are for (i) tangible property that will be used at a qualified production facility or for the use of the qualified production facility; (ii) the performance of services at a qualified production facility; or (iii) any combination of (i) and (ii). Makes changes concerning the amount of the credit. Makes changes concerning the number of nonresident employees whose wages may be considered Illinois labor expenditures. Makes changes concerning the definition of "qualified production facility". Amends the Illinois Income Tax Act to make changes concerning withholdings for loan out company employees. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/05/2025 | House | Filed with the Clerk by Rep. Margaret Croke |
| 2/06/2025 | House | First Reading |
| 2/06/2025 | House | Referred to Rules Committee |
| 3/04/2025 | House | Assigned to Revenue & Finance Committee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |
| 3/25/2025 | House | Added Chief Co-Sponsor Rep. Kimberly Du Buclet |
| 4/01/2025 | House | Added Co-Sponsor Rep. Marcus C. Evans, Jr. |
| 4/08/2025 | House | Added Chief Co-Sponsor Rep. Jawaharial Williams |
| 4/08/2025 | House | Added Chief Co-Sponsor Rep. Yolonda Morris |
| 4/30/2025 | House | Added Co-Sponsor Rep. Bob Morgan |