2023-2024 Regular Session • Illinois Legislature
HB5426: LIVE THEATER CREDIT-BROADWAY
Legislative Summary
Amends the Live Theater Production Tax Credit Act. Provides that, for credits awarded in the State fiscal year ending on June 30, 2024, a pre-Broadway production must be performed with the goal of having a presentation scheduled for Broadway's Theater District in New York City after its Illinois presentation (currently, the production must have a presentation scheduled for Broadway's Theater District in New York City within 12 months after its Illinois presentation). Provides that the total amount of tax credits awarded pursuant to the Act for the State fiscal year ending on June 30, 2024 shall not exceed $4,000,000 (currently, $2,000,000). Effective immediately.
Bill History
2/9/2024
Filed with the Clerk by Rep. Kelly M. Burke
House of Representatives
2/9/2024
First Reading
House of Representatives
2/9/2024
Referred to Rules Committee
House of Representatives
2/28/2024
Assigned to Revenue & Finance Committee
House of Representatives
3/8/2024
To Revenue - Tax Credit and Incentives Subcommittee
House of Representatives
3/13/2024
House Committee Amendment No. 1 Filed with Clerk by Rep. Kelly M. Burke
House of Representatives
3/13/2024
House Committee Amendment No. 1 Referred to Rules Committee
House of Representatives
3/20/2024
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
House of Representatives
4/5/2024
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
4/5/2024
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
House of Representatives
Amendments
House Amendment 001
House Amendment 001
3/13/2024Not Adopted
Status Information
Current Status
Introduced(2/9/2024)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
Sponsors
Democrat: 1
Primary Sponsor
Kelly Burke
Democrat