Public Act 101-0178

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Public Act 101-0178

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Public Act 0178 101ST GENERAL ASSEMBLY

  
  
  
 

 
Public Act 101-0178
 
SB1595 EnrolledLRB101 08982 HLH 54075 b


  
    AN ACT concerning revenue.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  


 
    Section 5. The Film
Production Services Tax Credit Act of 
2008 is amended  by changing Section 42 as follows:
 
    (35 ILCS 16/42)
    Sec. 42. Sunset of credits.  The application of credits 
awarded pursuant to this Act shall be limited by a reasonable 
and appropriate sunset date.  A taxpayer shall not be entitled 
to take a credit awarded pursuant to this Act for tax years 
beginning on or after January 1, 2027 10 years after the 
effective date of this amendatory Act of the 97th General 
Assembly. After the initial 10-year sunset, the General 
Assembly may extend the sunset date by 5-year intervals. 

(Source: P.A. 97-2, eff. 5-6-11; 97-3, eff. 5-6-11.)
 

    Section 99. Effective date. This Act takes effect upon 
becoming law.


                                        
                                    

                                

                            

                        

                    

                

            

            

                

                    Effective Date: 8/1/2019