During the current 2021 Spring Session of the Illinois General Assembly, Illinois Production Alliance (IPA) has partnered with business, industry and the labor unions in support of legislation to modestly expand the Film Incentive program.
If made into law, the bill would expand the state’s film tax and establish the Illinois Production Workforce Development Fund to help train people for jobs in the film industry.
This legislation will likely put Film in Illinois on the trajectory to become a billion dollar business in Illinois while creating opportunities for diverse good paying jobs.
To join the Illinois Production Alliance and the growing coalition that advocates for passage of this legislation
please click HERE
For more information please join the IPA Town Hall Meeting:
The Illinois Production+ Town Hall
Wednesday, May 26th at 7:00 pm
Highlights of the 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
- Effective July 1st, 2021
The current session ends on May 31. Time is of the essence.
SOURCE: Illinois Production Alliance