Illinois General Assembly - Full Text of Public Act 097-0003
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Public Act 097-0003




Public Act 097-0003
SB0398 EnrolledLRB097 04210 HLH 44249 b

    AN ACT concerning revenue.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. If and only if Senate Bill 4 of the 97th General
Assembly, as amended by House Amendment 3, becomes law, then
the Film Production Services Tax Credit Act of 2008 is amended
by changing Section 42 as follows:
    (35 ILCS 16/42)
    Sec. 42. Sunset of credits. The application of credits
awarded pursuant to this Act shall be limited by a reasonable
and appropriate sunset date. A taxpayer shall not be entitled
to take a credit awarded pursuant to this Act for tax years
beginning on or after 10 5 years after the effective date of
this amendatory Act of the 97th General Assembly. After the
initial 10-year sunset, the General Assembly may extend the
sunset date by 5-year intervals.
(Source: 09700SB0004ham003.)
    Section 99. Effective date. This Act takes effect upon
becoming law, but no earlier than the effective date of Senate
Bill 4 of the 97th General Assembly.

Effective Date: 05/06/2011