Illinois Compiled Statutes 35 Revenue: Article 10 - Live Theater Production Tax Credit Act

• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-1
  Short title. This Article may be cited as the Live Theater Production Tax Credit Act. References in this Article to "this Act" mean this Article....
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-5
  Purpose. The Illinois economy depends heavily on the commercial for-profit live theater industry and the pre-Broadway and long-run shows that are presented in Illinois. As...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-10
  Definitions. As used in this Act: "Accredited theater production" means a for-profit live stage presentation in a qualified production facility, as defined in this Section,...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-15
  Powers of the Department. The Department, in addition to those powers granted under the Civil Administrative Code of Illinois, is granted and has all the...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-20
  Tax credit award. Subject to the conditions set forth in this Act, an applicant is entitled to a tax credit award as approved by the...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-25
  Application for certification of accredited theater production. Any applicant proposing an accredited theater production located or planned to be located in Illinois may request an...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-30
  Review of application for accredited theater production certificate. (a) The Department shall issue an accredited theater production certificate to an applicant if it finds that...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-35
  Training programs for skills in critical demand. To accomplish the purposes of this Act, the Department may use the training programs provided under Section 605-800...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-40
  Issuance of Tax Credit Award Certificate. (a) In order to qualify for a tax credit award under this Act, an applicant must file an application...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-45
  Amount and payment of the tax credit award. The tax credit award shall be calculated each tax year based upon the filing by the applicant...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-50
  Live theater tax credit award program evaluation and reports. (a) The Department's live theater tax credit award evaluation must include: (i) an assessment of the...
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-55
  Program terms and conditions. Any documentary materials or data made available or received from an applicant by any agent or employee of the Department are...
• Illinois Revenue: Article 10 - Live Theater Production Tax Credit Act
  Amendatory provisions; text omitted
• Illinois Live Theater Production Tax Credit Act. - 35 ILCS 17, Section 10-80
  (Amendatory provisions; text omitted). (Source: P.A. 97-636, eff. 6-1-12; text omitted.)

Last modified: February 18, 2015