Bill Status of HB1318  97th General Assembly

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Short Description:  INC TX-DIGITAL MEDIA CREDIT

House Sponsors
Rep. Michael J. Zalewski

Last Action

Date	Chamber	Action
1/8/2013	House	Session 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 

Date	Chamber	Action
2/9/2011	House	Filed with the Clerk by Rep. Michael J. Zalewski
2/9/2011	House	First Reading
2/9/2011	House	Referred to Rules Committee
2/14/2011	House	Assigned to Revenue & Finance Committee
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die