Bill Status of SB3944 102nd General Assembly
Short Description: FILM TAX CREDIT-RESIDENTS
Sen. Elgie R. Sims, Jr.
| 2/25/2022||Senate||Rule 3-9(a) / Re-referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act and the Film Production Services Tax Credit Act of 2008. Provides that, if a film production credit is transferred by the taxpayer, then the transferor taxpayer shall pay to the Department of Commerce and Economic Opportunity a specified percentage of the amount transferred, which shall be deposited into the Illinois Production Workforce Development Fund. Provides that, for productions commencing on or after July 1, 2022, the term "Illinois labor expenditures" includes wages paid to non-residents, subject to certain limitations. Amends the State Finance Act to create the Illinois Production Workforce Development Fund. Effective immediately.
|Date||Chamber|| Action|| 1/21/2022||Senate||Filed with Secretary by Sen. Elgie R. Sims, Jr.|| 1/21/2022||Senate||First Reading|| 1/21/2022||Senate||Referred to Assignments|| 2/1/2022||Senate||Assigned to Revenue|| 2/10/2022||Senate||Do Pass Revenue; 011-000-000|| 2/10/2022||Senate||Placed on Calendar Order of 2nd Reading February 15, 2022|| 2/22/2022||Senate||Second Reading|| 2/22/2022||Senate||Placed on Calendar Order of 3rd Reading February 23, 2022|| 2/25/2022||Senate||Rule 3-9(a) / Re-referred to Assignments|