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<xml>
<title>Illinois General Assembly - Bill Status for HB 3039         </title>
<shortdesc>THEATER CREDIT-CAP AND SUNSET</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael J. Zalewski</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2019</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/222</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-20</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act and the Live Theater Production Tax Credit Act. Provides that the live theater production credit applies for tax years beginning prior to January 1, 2027 (currently, January 1, 2017 by operation of the Act's automatic sunset provision. Provides that the amount of tax credits awarded pursuant to the Live Theater Production Tax Credit Act shall not exceed $4,000,000 in fiscal year 2017 and each fiscal year thereafter (currently $2,000,000).</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2017</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael J. Zalewski</action>
<statusdate>2/9/2017</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/9/2017</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/22/2017</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/9/2017</statusdate><chamber>House</chamber><action>To Growth, Reform &amp; Fairness Subcommittee</action>
<statusdate>3/31/2017</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2019</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

