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<xml>
<title>Illinois General Assembly - Bill Status for HB 5759         </title>
<shortdesc>MUSIC TAX CREDIT ACT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Sharon Chung-Maurice A. West, II-Stephanie A. Kifowit, William "Will" Davis, Curtis J. Tarver, II and Joyce Mason</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>5 ILCS 140/7.5</reference><aliasreference></aliasreference><reference>35 ILCS 5/203</reference><aliasreference></aliasreference><reference>35 ILCS 5/222</reference><aliasreference></aliasreference><reference>35 ILCS 5/241 new</reference><aliasreference></aliasreference><reference>35 ILCS 5/242 new</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-1</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-5</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-10</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-15</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-20</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-25</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-30</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-40</reference><aliasreference></aliasreference><reference>35 ILCS 17/10-50</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/29/2024</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Sharon Chung</action>
<statusdate>3/5/2024</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>3/5/2024</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/5/2024</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Maurice A. West, II</action>
<statusdate>4/18/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. William "Will" Davis</action>
<statusdate>4/18/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Curtis J. Tarver, II</action>
<statusdate>4/18/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Joyce Mason</action>
<statusdate>4/18/2024</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Stephanie A. Kifowit</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

