|Incentive Type||Transferable Non-Refundable Tax Credit|
|Above the Line Residents||30-45%|
|Above the Line Nonresidents||N/A|
|Below the Line Residents||30-45%|
|Below the Line Nonresidents||N/A|
|Bonus||15% on salaries of individuals (making at least $1,000 in total wages) that live in an economically disadvantaged area (at least 13.8% unemployment).|
|Project Criteria||$100,000 minimum local spend for production 30 minutes or longer. $50,000 minimum local spend for productions of less than 30 minutes|
|Loanout Registration Required||No|
|Annual Funding Caps||None|
- Proof of Copyright or Contract
- Diversity plan outlining specific goals for hiring minorities and females
- Competitive need statement
The credit may be claimed upon completion of production in Illinois but no later than two years following the completion of production in Illinois
In order to comply with the tax credit rules and regulations, production companies
must make good-faith efforts to hire Illinois residents that represent the diversity of the State. The Illinois Department of Commerce and Economic Opportunity request that production companies have their Illinois crew complete this form and return it to the production office.
Expenses that are directly incurred for the production from the final script stage to the end of post-production are eligible for the tax credit.
The tax credit can be claimed upon completion of the production but no later than 2 years following the completion of the production.
Diversity reporting is required.
Tax Credit has a 5 Year carry forward
For commercial you need story boards with application
Last updated: 08/22/2019
Production Incentive Disclaimer
The encapsulated production incentive information on this page is provided for general purposes only and should not be construed as tax advice. While we do our utmost to keep all information up to date, production incentives change often. The best source for incentive details is the film office itself. For more explanation or detail about the production incentive described here, please contact our resident production incentives expert at [email protected].