HB5065 - 104th General Assembly (2025-2026)

FILM TAX CREDIT-PRODUCTIONS
Last Action
3/26/2026 - House: Placed on Calendar 2nd Reading - Short Debate
Hearings
Tax Policy: Sales Tax Subcommittee Hearing Mar 26 2026 8:08AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Other Taxes Subcommittee Hearing Mar 26 2026 8:07AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Income Tax Subcommittee Hearing Mar 26 2026 8:06AM Stratton Building Room D-1 Springfield, IL
Tax Policy: Finance Subcommittee Hearing Mar 26 2026 8:05AM Stratton Building Room D-1 Springfield, IL
Tax Credit and Incentives Subcommittee Hearing Mar 26 2026 8:04AM Stratton Building Room D-1 Springfield, IL
Sales Tax Subcommittee Hearing Mar 26 2026 8:03AM Stratton Building Room D-1 Springfield, IL
Revenue & Finance Committee Hearing Mar 26 2026 8:00AM Stratton Building Room D-1 Springfield, IL
Property Tax Subcommittee Hearing Mar 26 2026 8:02AM Stratton Building Room D-1 Springfield, IL
Income Tax Subcommittee Hearing Mar 26 2026 8:01AM Stratton Building Room D-1 Springfield, IL
Finance Subcommittee Hearing Mar 26
Statutes Amended In Order of Appearance
35 ILCS 5/222  
35 ILCS 17/10-10  
35 ILCS 17/10-20  
Synopsis As Introduced
Amends the Live Theater Production Tax Credit Act. Provides that a pre-Broadway production must have a presentation scheduled for Broadway's Theater District in New York City no later than 18 months after its Illinois presentation (currently, must have a goal of having a presentation scheduled for Broadway's Theater District in New York City after its Illinois presentation). Provides that, if, in any State fiscal year, less than $2,000,000 in credits are awarded for long-run productions and pre-Broadway productions under the Act, then the difference between $2,000,000 and the amount of credits awarded for long-run productions and pre-Broadway productions in that fiscal year may be added to the $2,000,000 in credits allowed to be awarded for commercial Broadway touring shows in that State fiscal year. Amends the Illinois Income Tax Act. Extends the sunset of the live theater production credit until January 1, 2039 (currently, January 1, 2027). Effective immediately.
Actions
DateChamberAction
2/04/2026HouseFiled with the Clerk by Rep. Curtis J. Tarver, II
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee
2/24/2026HouseAssigned to Revenue & Finance Committee
2/26/2026HouseTo Tax Credit and Incentives Subcommittee
3/26/2026HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
3/26/2026HouseReported Back To Revenue & Finance Committee;
3/26/2026HouseDo Pass / Short Debate Revenue & Finance Committee; 020-000-000
3/26/2026HousePlaced on Calendar 2nd Reading - Short Debate