Translate
SB3592 - 104th General Assembly
FILM TAX CREDIT-PRODUCTIONS
Last Action
Statutes Amended In Order of Appearance
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
| Date | Chamber | Action |
|---|---|---|
| 2/05/2026 | Senate | Filed with Secretary by Sen. Elgie R. Sims, Jr. |
| 2/05/2026 | Senate | First Reading |
| 2/05/2026 | Senate | Referred to Assignments |
| 2/17/2026 | Senate | Assigned to Revenue |
| 3/13/2026 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2026 |
| 4/24/2026 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026 |
| 5/08/2026 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr. |
| 5/08/2026 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 5/12/2026 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 5/15/2026 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026 |