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<xml>
<title>Illinois General Assembly - Bill Status for SB 164    </title>
<shortdesc>INC TX-DIGITAL MEDIA CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Dan Kotowski-Chris Lauzen-Michael Noland</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/221 new</reference><aliasreference></aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Dan Kotowski</action>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/9/2011</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>2/15/2011</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/3/2011</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/10/2011</statusdate><chamber>Senate</chamber><action>Held in Revenue</action>
<statusdate>3/17/2011</statusdate><chamber>Senate</chamber><action>To Revenue Subcommittee on Tax Credits</action>
<statusdate>3/18/2011</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>5/11/2011</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Chris Lauzen</action>
<statusdate>5/13/2011</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Michael Noland</action>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

