Bill Text: IL SB1595 | 2019-2020 | 101st General Assembly | Chaptered


Bill Title: Amends the Film Production Services Tax Credit Act of 2008. Provides that Illinois labor expenditures include the first $200,000 of out-of-state wages paid or incurred by a production company or loan out corporation, subject to withholding payments, and all resident wages paid or incurred by the production company or loan out corporation. Provides that the credit applies on a permanent basis. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 12-2)

Status: (Passed) 2019-08-01 - Public Act . . . . . . . . . 101-0178 [SB1595 Detail]

Download: Illinois-2019-SB1595-Chaptered.html



Public Act 101-0178
SB1595 EnrolledLRB101 08982 HLH 54075 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. 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 January 1, 2027 10 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: P.A. 97-2, eff. 5-6-11; 97-3, eff. 5-6-11.)
Section 99. Effective date. This Act takes effect upon
becoming law.
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