SB1595ham001 101ST GENERAL ASSEMBLY

Rep. Arthur Turner

Filed: 5/21/2019

 

 


 

 


 
10100SB1595ham001LRB101 08982 HLH 60917 a

1
AMENDMENT TO SENATE BILL 1595

2    AMENDMENT NO. ______. Amend Senate Bill 1595 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Film Production Services Tax Credit Act of
52008 is amended by changing Section 42 as follows:
 
6    (35 ILCS 16/42)
7    Sec. 42. Sunset of credits. The application of credits
8awarded pursuant to this Act shall be limited by a reasonable
9and appropriate sunset date. A taxpayer shall not be entitled
10to take a credit awarded pursuant to this Act for tax years
11beginning on or after January 1, 2027 10 years after the
12effective date of this amendatory Act of the 97th General
13Assembly. After the initial 10-year sunset, the General
14Assembly may extend the sunset date by 5-year intervals.
15(Source: P.A. 97-2, eff. 5-6-11; 97-3, eff. 5-6-11.)
 

 

 

10100SB1595ham001- 2 -LRB101 08982 HLH 60917 a

1    Section 99. Effective date. This Act takes effect upon
2becoming law.".