Illinois General Assembly - Bill Status for HB1451
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 Bill Status of HB1451  98th General Assembly


Short Description:  DIGITAL MEDIA TAX CREDIT

House Sponsors
Rep. Fred Crespo - Adam Brown and Arthur Turner

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/224 new


Synopsis As Introduced
Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit based on the amount of the Illinois labor expenditure and Illinois production spending approved by the Department of Commerce and Economic Opportunity for the production. Authorizes taxpayers to take the credit beginning in the taxable year in which the company has met the investment requirement. Provides for the transfer of credits. Requires the Department to submit a report concerning the program to the General Assembly no later than July 1, 2018. Provides that the Act is repealed on July 1, 2019. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/6/2013HouseFiled with the Clerk by Rep. Fred Crespo
  2/13/2013HouseFirst Reading
  2/13/2013HouseReferred to Rules Committee
  2/19/2013HouseAssigned to Revenue & Finance Committee
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  5/2/2013HouseAdded Chief Co-Sponsor Rep. Adam Brown
  6/12/2013HouseFinal Action Deadline Extended-9(b) June 30, 2013
  6/12/2013HouseAssigned to Revenue & Finance Committee
  6/17/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Fred Crespo
  6/17/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  6/20/2013HouseAdded Co-Sponsor Rep. Arthur Turner
  8/9/2013HouseRule 19(b) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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