The Illinois Legislature has approved wage-based incentive legislation designed to encourage more film and television production.
Backers, including SAG, AFTRA, DGA, IATSE and other production trade groups, contend that the Film Production Services Tax Credit Act will generate hundreds of new jobs by keeping production in Illinois rather than fleeing to less-expensive foreign locations.
The legislation calls for a 25% credit for wages paid on features, TV and commercials shot in Illinois. Senate Bill 785 was included as the Illinois Legislature finalized its budget Saturday. Similar federal legislation was introduced earlier this year as HR 715 for productions with budgets under $10 million.
The runaway legislation gained traction in Illinois after “Chicago” received 13 Academy Award nominations and politicians noted that the musical had been shot in Toronto.