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HB 1892 Illinois House · 104th Regular Session

INC TX-DIGITAL MEDIA CREDIT

Summary
Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit. Sets forth the amount of the credit. Authorizes taxpayers to take the credit beginning in the taxable year in which the company has met the investment requirement. Provides for the transfer of credits. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for digital media companies, providing tax relief to incentivize investment, aligning with fiscal support for business growth and economic development.90% confidence ✓ TechnologySupports TechnologyCreates tax credit for interactive digital media companies, directly funding the technology sector per bill's purpose.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 29, 2025 Last action Mar 21, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
4
Mar 21, 2025
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 3, 2025
Lower · Passed
To Tax Credit and Incentives Subcommittee
lower
Feb 25, 2025
Committee
Assigned to Revenue & Finance Committee
lower
Jan 29, 2025
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Margaret Croke
Margaret Croke
DDemocratic
IL
12