SB 3395

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Music Tax Credit Act

Abstract

Creates the Music and Musicians Tax Credit and Jobs Act. Provides that the Department of Commerce and Economic Opportunity may award credits to qualified music companies. Creates the Music Education Scholarship Act. Provides that the Board of Higher Education may award scholarships to applicants who are enrolled in or accepted for admission to an associate, baccalaureate, or graduate degree program in music education and who agree to meet certain teaching obligations. Amends the Illinois Income Tax Act. Creates certain income tax credits for theater infrastructure projects. Amends the Live Theater Production Tax Credit Act. Renames the Act as the Live Music and Theater Production Tax Credit Act. Provides that the Act also applies to musical performances.

Bill Sponsors (8)

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May 03, 2024

Senate

Rule 3-9(a) / Re-referred to Assignments

Apr 23, 2024

Senate

Added as Co-Sponsor Sen. Laura Fine

Apr 10, 2024

Senate

Added as Co-Sponsor Sen. Laura Ellman

Apr 09, 2024

Senate

Added as Co-Sponsor Sen. Mike Porfirio

Senate

Added as Co-Sponsor Sen. Bill Cunningham

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Senate

Added as Co-Sponsor Sen. Paul Faraci

Apr 05, 2024

Senate

Rule 2-10 Committee Deadline Established As May 3, 2024

Mar 25, 2024

Senate

Added as Chief Co-Sponsor Sen. Lakesia Collins

Mar 15, 2024

Senate

Rule 2-10 Committee Deadline Established As April 5, 2024

Feb 20, 2024

Senate

Assigned to Revenue

Feb 08, 2024

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Sara Feigenholtz

Bill Text

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