INC TX-LIVE THEATER CREDIT Senate SponsorsSen. Dan Kotowski 1/8/2013SenateSession Sine Die New Act35 ILCS 5/221 newCreates the Live Theater Production Tax Credit Act. Provides that certain taxpayers who are theater producers, owners, licensees, or operators, or who otherwise present live stage presentations within the State, are entitled to a credit against their income tax liability equal to a percentage of their Illinois production spending and Illinois labor expenditures. Provides that eligibility for the credit is determined by the Department of Commerce and Economic Opportunity. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately. 1/27/2011SenateFiled with Secretary by Sen. Dan Kotowski 1/27/2011SenateFirst Reading 1/27/2011SenateReferred to Assignments 2/23/2011SenateAssigned to Revenue 3/3/2011SenateTo Revenue Subcommittee on Tax Credits 3/18/2011SenateRule 3-9(a) / Re-referred to Assignments 1/8/2013SenateSession Sine Die