summary
Introduced
02/05/2025
02/05/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Film Production Services Tax Credit Act of 2008. Provides that accredited productions shall be considered Category 1 productions or Category 2 productions. Provides that a Category 1 production is an accredited production that meets the following criteria: (1) at least 75% of all principal filming or taping days of the accredited production that occur at any soundstage facility within or without Illinois occur at a qualified production facility; and (2) at least 20% of the total expenditures for the accredited production are for (i) tangible property that will be used at a qualified production facility or for the use of the qualified production facility; (ii) the performance of services at a qualified production facility; or (iii) any combination of (i) and (ii). Makes changes concerning the amount of the credit. Makes changes concerning the number of nonresident employees whose wages may be considered Illinois labor expenditures. Makes changes concerning the definition of "qualified production facility". Amends the Illinois Income Tax Act to make changes concerning withholdings for loan out company employees. Effective immediately.
AI Summary
This bill amends the Film Production Services Tax Credit Act and the Illinois Income Tax Act to update tax credits and withholding requirements for film and television productions in Illinois. The bill introduces two new categories of productions: Category 1 and Category 2, with specific criteria for each. For productions concluding on or after July 1, 2025, the bill provides more detailed tax credit structures, including higher percentages for Illinois production spending, labor expenditures, and bonuses for hiring Illinois residents or workers from high-poverty areas. The bill also modifies the definition of a "qualified production facility," now requiring more specific infrastructure requirements for facilities constructed after January 1, 2026, such as multiple soundstages with minimum square footage and additional production support spaces. Additionally, the bill adjusts withholding tax rules for loan-out company employees working on accredited productions, ensuring that production companies are responsible for tax withholding for non-resident employees. The bill extends the sunset date for awarding new credits to January 1, 2039, providing long-term stability for the film production tax credit program in Illinois.
Committee Categories
Budget and Finance
Sponsors (6)
Margaret Croke (D)*,
Kimberly du Buclet (D),
Marcus Evans (D),
Bob Morgan (D),
Yolonda Morris (D),
Omar Williams (D),
Last Action
Added Co-Sponsor Rep. Bob Morgan (on 04/30/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2870&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB2870.htm |
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