The Illinois Film Production Tax Credit Incentive Program currently allows for qualified productions to receive a 30% credit on qualified expenditures.
30% credit on qualified Illinois Production Spending
30% credit on Illinois wages up to $100,000 per worker
Illinois Tax Credits are transferable for up to 1 year from issuance
No per project cap
No program cap
Minimum Qualifying Spend: $50,000 for projects less than 30 minutes; $100,00 for projects equal to or more than 30 minutes
The Illinois Film Tax Credit has been renewed through 2026
Please Note, applications for the FTC must be submitted prior to principal photography:
Applications must be submitted 5 days prior to principal photography for Commercials
Applications must be submitted 24 hours prior to principal photography
For More information, check out the Illinois Film Office’s website.
During the 2021 Spring Session of the Illinois General Assembly, IPA partnered with business, industry and the labor in support of legislation to modestly expand the Film Incentive program, or Illinois Production+. The legislation sponsored by Senator Elgie Sims and Representative Will Davis can be found here: SB2181 and HB3251.
The outcome for the spring session was not had we had hoped. The proposed Illinois Production+ legislation did not get the green light.
In terms of the long game, great strides were made in elevating awareness and identifying film production as an important and fast-growing sector of the state’s economy. As well as the industry’s commitment to the development and training of an equitable and skilled workforce which provides access and opportunity to minority and underserved communities.
The next session of the legislature will convene in January. Our coalition continues to be engaged in lobbying, advocacy, and outreach with the media, legislators, and government officials.
We project, if passed, this legislation will put Film in Illinois on the trajectory to become a billion-dollar business in Illinois while creating opportunities for diverse good paying jobs.
Sign up to join our Coalition here.
Highlights of the proposed legislation include:
A modest expansion to allow for a *limited number of non-resident wages to qualify for the credit
*Qualifying Non-resident wages are limited to, Director, Writer, Director of Photography, Production Designer, Costume Designer, Production Accountant, VFX Supervisor, Editor, Composer
In qualified productions of $25,000,000 or less, no more than 2 non-resident actors qualify
In qualified productions of more than $25,000,000, no more than 4 non-resident actors qualify
$500,000 cap on each qualified resident and non-resident wages
Creates the Illinois Production Workforce Development Fund which is funded entirely by the qualified productions, to allow the Department of Commerce and Economic Development make grants to qualified organizations that provide film production workforce training programs. 50% of the grant funds must be allocated to minority owned organizations, or educational/training programs whose participants represent a minimum of 50% minorities
Crain’s Chicago Business: Can TV and film be a billion-dollar business in Illinois? A group pushing Springfield to boost payroll credits for crews and actors thinks so. IPA board member, Qadree Holmes, and Executive Director, Christine Dudley, help explain.
Chicagoland Chamber of Commerce President Jack Lavin joined WLS radio’s John Howell to discuss the economic impact of the Film Industry and how the proposed expansion legislation will significantly contribute to the state’s economic recovery and provide training for a diverse workforce.