HB 5026

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Film Credit-Transfer

Abstract

Amends the Illinois Income Tax Act. Provides that, upon the transfer of a film production services credit, the taxpayer shall pay to the Department of Commerce and Economic Opportunity 1.5% of the credit amount, which shall be deposited into the Film Workforce Training and Diversity Fund. Amends the State Finance Act to create the Film Workforce Training and Diversity Fund. Provides that moneys in the Fund shall be used to provide grants to certain organizations and institutions to administer workforce development and training programs that support efforts to recruit, hire, promote, retain, develop, and train a diverse and inclusive workforce in the film industry. Effective immediately.

Bill Sponsors (1)

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Actions


Jun 23, 2020

House

Rule 19(b) / Re-referred to Rules Committee

Mar 03, 2020

House

Assigned to Revenue & Finance Committee

Feb 18, 2020

House

First Reading

House

Referred to Rules Committee

Feb 13, 2020

House

Filed with the Clerk by Rep. William Davis

Bill Text

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