Bill > SB1897

This bill amends the Film Production Services Tax Credit Act to introduce two new categories of film production and modify tax credit calculations for film and television productions in Illinois. The bill creates "Category 1" and "Category 2" production classifications, with Category 1 requiring at least 75% of filming days to occur at a qualified production facility and 20% of total expenditures to be related to that facility. For productions concluding on or after July 1, 2025, the bill establishes new tax credit structures: Category 1 productions can receive up to 35% credit for Illinois production spending, with additional credits for hiring Illinois residents, senior positions, and workers from high-poverty areas. Category 2 productions have a similar but slightly different credit structure. The bill also expands definitions of qualified production facilities, specifying requirements for facility size and construction, and extends the sunset date for tax credits to January 1, 2039. Additionally, the bill modifies withholding tax rules for non-resident employees in film productions, particularly those working through "loan out companies," ensuring more comprehensive tax collection for in-state film production services.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1897&GAID=18&DocTypeID=SB&SessionID=114&GA=104