Illinois General Assembly - Bill Status for HB5426
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 Bill Status of HB5426  103rd General Assembly


Short Description:  LIVE THEATER CREDIT-BROADWAY

House Sponsors
Rep. Kelly M. Burke

Last Action
DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 17/10-10
35 ILCS 17/10-20


Synopsis As Introduced
Amends the Live Theater Production Tax Credit Act. Provides that, for credits awarded in the State fiscal year ending on June 30, 2024, a pre-Broadway production must be performed with the goal of having a presentation scheduled for Broadway's Theater District in New York City after its Illinois presentation (currently, the production must have a presentation scheduled for Broadway's Theater District in New York City within 12 months after its Illinois presentation). Provides that the total amount of tax credits awarded pursuant to the Act for the State fiscal year ending on June 30, 2024 shall not exceed $4,000,000 (currently, $2,000,000). Effective immediately.

Actions 
DateChamber Action
  2/9/2024HouseFiled with the Clerk by Rep. Kelly M. Burke
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Tax Credit and Incentives Subcommittee
  3/13/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Kelly M. Burke
  3/13/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/20/2024HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee
  4/5/2024HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

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