|
Sen. Toi W. Hutchinson
Filed: 5/31/2017
| | 10000SB0047sam001 | | LRB100 05141 AXK 27436 a |
|
|
| 1 | | AMENDMENT TO SENATE BILL 47
|
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 47 by replacing |
| 3 | | everything after the enacting clause with the following:
|
| 4 | | "Section 5. The Film
Production Services Tax Credit Act of |
| 5 | | 2008 is amended by changing Section 42 as follows:
|
| 6 | | (35 ILCS 16/42) |
| 7 | | Sec. 42. Sunset of credits. The application of credits |
| 8 | | awarded pursuant to this Act shall be limited by a reasonable |
| 9 | | and appropriate sunset date. A taxpayer shall not be entitled |
| 10 | | to take a credit awarded pursuant to this Act for tax years |
| 11 | | beginning on or after January 1, 2027. 10 years after the |
| 12 | | effective date of this amendatory Act of the 97th General |
| 13 | | Assembly. After the initial 10-year sunset, the General |
| 14 | | Assembly may extend the sunset date by 5-year intervals.
|
| 15 | | (Source: P.A. 97-2, eff. 5-6-11; 97-3, eff. 5-6-11.)".
|