HB5065 - 104th General Assembly (2025-2026)

FILM TAX CREDIT-PRODUCTIONS
Last Action
2/10/2026 - House: Referred to Rules Committee
Statutes Amended In Order of Appearance
35 ILCS 5/222  
35 ILCS 17/10-10  
35 ILCS 17/10-20  
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
DateChamberAction
2/04/2026HouseFiled with the Clerk by Rep. Curtis J. Tarver, II
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee