The promise of a 30% tax incentive in place for three years was made Monday night by the three state legislative sponsors of the Illinois filmmakers’ tax incentives, at an IPA party in their honor.
IPA president Lars Ullberg thanked Representatives Skip Saviano and Ken Dunkin and Senator Rickey Hendon for their consistent sponsorship of the incentives bill at a party at RDS attended by 250 IPA members.
The promise of a 30% tax incentive in place for three years was made Monday night by the three state legislative sponsors of the Illinois filmmakers’ tax incentives, at an IPA party Monday night in their honor.
The legislators, who have sponsored incentives since the first 15% tax credit was introduced in 2003, collectively stated that their goal this year is to fight for a 30% tax credit effective for three years ? two years at the least ? in their respective branches of the legislature.
The higher incentive would replace the current 20%, renewable each year, which was enacted in 2003. It replaced a less effective 15%/one year bill.
