Illinois General Assembly - Bill Status for SB1745
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 Bill Status of SB1745  104th General Assembly

Short Description:  TAX-FILM PRODUCTION CREDIT

Senate Sponsors
Sen. Cristina Castro

Last Action
DateChamber Action
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 16/10


Synopsis As Introduced
Amends the Film Production Services Tax Credit Act of 2008. Provides that the term "Illinois labor expenditure" does not include: (1) above-the-line spending exceeding 40% of the total Illinois production spending for the production, unless the Department of Commerce and Economic Opportunity determines that the inclusion of such excess above-the-line spending is necessary for the production to be accredited; (2) above-the-line spending paid to related parties that exceeds, in the aggregate, 12% of the total Illinois production spending for the production; or (3) below-the-line spending paid to a related party that exceeds the fair market value of the transaction. Defines "above-the-line spending" and "below-the-line spending". Provides that the term "Illinois production spending" includes the fair market value of any transaction that (i) is entered into between the taxpayer and a related party or the taxpayer and an unrelated party, (ii) is related to the accredited production, and (iii) has terms that reflect the fair market value of the transaction.

Actions 
DateChamber Action
  2/5/2025SenateFiled with Secretary by Sen. Cristina Castro
  2/5/2025SenateFirst Reading
  2/5/2025SenateReferred to Assignments
  2/18/2025SenateAssigned to Revenue
  3/13/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Cristina Castro
  3/13/2025SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/18/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
  4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025
  5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
  5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments
  6/2/2025SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

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