SB3592

Illinois SB3592 amends the Live Theater Production Tax Credit Act, extending the sunset date of the tax credit until January 1, 2039.

Illinois SB3592 amends the Live Theater Production Tax Credit Act to extend the sunset date of the tax credit until January 1, 2039. The bill also modifies the allocation of tax credits for different types of theater productions, including long-run productions, pre-Broadway productions, and commercial Broadway touring shows. It sets specific limits on the amount of credits that can be awarded for non-profit theater productions based on their annual operating budgets.