Illinois General Assembly

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 Bill Status of HB1318  97th General Assembly


Short Description:  INC TX-DIGITAL MEDIA CREDIT

House Sponsors
Rep. Michael J. Zalewski

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/221 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 in the amount of 30% of certain expenses incurred by the applicant for an accredited production in a taxable year. 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. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/9/2011HouseFiled with the Clerk by Rep. Michael J. Zalewski
  2/9/2011HouseFirst Reading
  2/9/2011HouseReferred to Rules Committee
  2/14/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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