Illinois film office supports the growth and economic development of film, television and commercial productions recruits new business and create jobs through the administration of the film tax credit program lead the marketing and promotion of illinois diverse and iconic locations, celebrated talent. The illinois film production tax credit act, now more than a decade old, offers various incentives for production spending and labor costs in the state. Additional 15% credit applicants will receive an additional 15% tax credit on salaries paid to individuals. To maintain the thriving film industry and encourage growth in the entertainment sector, illinois offers a significant 30% film tax credit. Illinois compiled statutes illinois general assembly. As the gateway to government for the industry, the ifo manages the film production tax credit program, in addition to a full range of services that support production and business development for the. Situated in the heart of the midwest, just hours south of chicago, champaign county offers an ideal film location for a variety of projects. Kpm film is cpa firm who serve as trusted advisors to state tax offices and film bureaus, attorneys, producers and studio finance departments on the subject of film tax credits across the u. Nov 21, 2019 this is a refundable tax credit based on a production companys qualified hawaii expenditures while producing a qualified film, television, commercial, or digital media project. The heads of the illinois and chicago film offices discuss the role a tax credit extension plays in getting productions made locally.
Movie production incentives in the united states wikipedia. Aug 02, 2019 illinois film tax credit program is a slap in the face to the states small business community outside the spotlight, does little to grow good jobs and is rife with corruption. It ensures characterdefining features and spaces of buildings are retained and helps revitalize surrounding neighborhoods. Pritzker says it could also give a boost to south works movie studio plan by dan petrella. Its not yet clear just how much a guest might be able to do with the product, given that the main uses for the device so far follow the rubric of a handsfree smartphone, which is a deeply.
Located in chicago illinois over 30 acres, chicago studio city is a fullservice, independent studio featuring 4 sounds stages ranging from 6,000 to30,000 sq. Pritzker signs film tax credit to encourage tv, movie. Illinois film tax credit program is a slap in the face to the states small business community outside the spotlight, does little to grow good jobs and is rife with corruption. In addition to helping production companies optimize and monetize state tax incentive programs, we provide a variety of advisory, audit and tax services. Currently the illinois film services tax credit does not include any provisions that gives the state a say in a projects content or its personnel only that the 30 percent tax credit applies to. Oscars best picture winners best picture winners golden globes emmys san diego comiccon new york comiccon sundance film festival toronto intl film festival awards central festival. Illinois filmentertainment tax credit monarch private capital. The illinois film office production guide may also be a helpful resource 2.
The local ohio film commissions listed here are entities endorsed or supported by a local government with a commitment to the film industry as part of its economic development plan. Georgia, which now ranks number three for film and tv production after california and new york has a 30percent tax credit that applies to both resident and nonresident talent. For filmmakers, it is a onestop liaison for all city of chicago production. The illinois film office boasts that this is the only state with a film taxcredit program that requires companies to make a bestfaith effort to hire a diversified workforce behind the. By recharging the film tax credit program, governor rauner is opening the door to new and exciting productions, which means scores of jobs and investment in.
Film tax credits in the last decade, state governments have enacted numerous movie production incentives mpis, including tax credits for film production. The incentives, which give companies 30% tax credits on production costs and. Chicago spending and wages from the illinois film industry were up 12 percent in 2018 from 2017, according to a news release sent thursday from gov. Illinois film services tax credit film tax credit illinois. By extending the film tax credit, governor pritzker has proven his commitment to supporting the industry and ensuring it continues to succeed and. The purpose of the northwest illinois film office is to promote the northwest illinois region through the development of film, video, and multimedia production. According to the illinois film office, a division of the. While most states maintained the status quo, or reduced film incentives, a few states made slight augmentations to their programs. Whether rauner has the authority to put the film incentive on hold is unclear. Following is a list casting agencies in chicago that may be able to provide additional information and opportunities. In addition, the tax credit aims to stimulate diversity in production hiring. The goal is to provide a variety of options for participation. Illinois film tax credit program is theatrically bad illinois policy. Illinois film tax credit program is theatrically bad.
The illinois film tax credit will not sunset until may 2021, and is renewable in 5year increments, thereafter. Illinois filmmaking revenue grows 12 percent in 2018. Mar 04, 2019 tax credit helps spur expenditures on goods. How the what we do in the shadows production team constructed a mansion from scratch. Illinois film services tax credit illinois institute for. Film tax credit bill qualified expenditures tax credit benefits 30% of the qualified illinois production spending. You can also submit your location for consideration and register your business for production consideration.
The yearly sunset provision has been removed so the film services tax credit does not expire. Cesar lopez film tax credit manager at illinois department commerce and economic opportunity chicago, illinois government administration. Illinois production incentives include 30%to40% tax credit. Illinois film tax credit program is a slap in the face to the states small. List of tax credit buyers the illinois film office provides this information from third parties for your convenience. Tax credit can be carried forward 5 years from when originally issued by ifo. Unused tax credit may be carried forward for up to 5 taxable years. Applicable against the illinois corporate income tax and personal income tax. Local tv and film production caught in state budget. State tax credit the state historic preservation tax credit program provides a state income tax credit for the sensitive, substantial rehabilitation of historic buildings. The state of illinois offers a 30% transferable tax credit for qualified productions.
Omen ii 1978 cast and crew credits, including actors, actresses, directors, writers and more. If you would like to apply for our program, you may do so accordingly. Illinois film office wants investors to develop production. Illinois offers a robust and sustainable 30% film tax credit and is the only u. For more information about the film incentive program, please contact the illinois film office illinois film office. But she says it is a states tax credit incentives for film and tv production that really drive competition for business between states. Movie production incentives are tax benefits offered on a statebystate basis throughout the united states to encourage instate film production. The credit equals 20% of qualified production costs incurred on oahu, and 25% on the neighbor islands big island, kauai, lanai, maui, molokai.
Our fees are paid by insurance companies, but because we are an illinois business these fees can still be applied to your. Illinois and the city of chicago have become premier destinations for movie and tv show productions. Applicants must fill out the application form provided by ifo. Illinois is bringing back its film tax credit program deadline. It needs approval by the full senate before it goes back to the house for a final vote. You can find a full list of acceptable contributions in appendix b of the overview and instructions packet for the tax credit. The longoverdue passage of the 2008 illinois film tax credit. A law passed in 2008 established the current 30 percent tax credit, which remains in effect through 2021 with. Tax credit can be carried forward 5 years from when originally issued by illinois film office. The tax credit is earned on the date of issuance and may be utilized to offset the recipients illinois income tax liability for the year of issuance. Whether youre looking for historic architecture, farmland, a university campus or wide open spaces, champaign county offers a diverse landscape with affordable, local services. Chicago, illinois film offices celebrate record year in 2019. In addition to the wellknown options of 1 registered. Unused tax credits may be carried forward for up to 5 taxable years.
A film production tax credit is available to any eligible production company which produces a qualified production and incurs qualified production expenses or costs. For filmmakers, it is a onestop liaison for all city. The duration of the credit may not exceed one taxable year. State extends film tax credits to keep chicago fire and. The illinois affordable housing tax credit iahtc encourages private investment in affordable housing by providing donors of qualified donations with a onetime tax credit on their illinois state income tax equal to 50 percent of the value of the donation.
Illinois lawmaker proposes punishing smollett employers by. We do not endorse any of the services provided in this list. Tax credits, llc has consistently provided top level service to our company for the past seven years we have been participants in the illinois tax credit program. The donor can choose to transfer the credits to the project, which creates additional. Illinois department of commerce and economic opportunity. These incentives came about in the 1990s in response to the flight of movie productions to other countries such as canada. Tax credit can be carried forward 5 years from when originally issued by illinois film office department of commerce and economic opportunity. The amount of the credit awarded under this act is based on the amount of the illinois labor expenditure and illinois production spending approved by the department for the production as set forth under section 10. State extends film tax credits to keep chicago fire and other productions in illinois. Jan 25, 2018 christine dudley leads the illinois film office promoting illinois as a global destination for film, television and advertising production. In the last decade, state governments have enacted numerous movie production incentives mpis, including tax credits for film production. The team at the illinois film office can assist with images from the scouting database for illinois and chicago locations.
This tax credit is administered by the connecticut department of economic and community development decd. The tax credits are transferrable, meaning the credits can be sold to a third party if they exceed the projects illinois tax liability. Nov 12, 2015 illinois governor bruce rauners office said today that it is reinstituting the states lucrative film tax credit but theres a serious catch. Tax credit can be carried forward 5 years from when originally issued by illinois film officedepartment of commerce and economic opportunity. In addition to helping production companies optimize and monetize state tax incentive programs, we provide a variety of advisory, audit and tax services for the entertainment industry. If i finish shooting my film in march, can i apply to claim my credit immediately or do i have to wait till the end of my tax filing year. Tax credit extension aims to cement film industrys local foothold. According to the illinois film office which awards a 30 percent tax credit to film, television and advertising. Illinois is home to a thriving film industry with a nationally renowned crew base, actors, and industry vendors. The goal of the tax credit act is to attract local vendors, union leaders and filmmakers to the illinois film industry in order to promote growth and job opportunities. In order to claim your credit, you must first submit your hawaii production report to the hawai i film office. Illinois now ranks among top 5 states for film, tv production. The illinois film office wants real estate investors to develop more space for theatrical productions. Because of the incentive programs of these competitor locations, illinois must move aggressively with new business development.
The chicago and illinois film offices are celebrating a record year for television, film and media production activity in chicago and around the state. Mar 27, 2019 currently the illinois film services tax credit does not include any provisions that gives the state a say in a projects content or its personnel only that the 30 percent tax credit applies. Peter hawley, director of the illinois film office tv episode 2019 cast and crew credits, including actors, actresses, directors, writers and more. Mar 02, 2020 the illinois film production tax credit act, now more than a decade old, offers various incentives for production spending and labor costs in the state. The illinois production tax credit incentive program is 100% up and running. It looks like we dont have any company credits for this title yet. Illinois gives production companies a 30 percent tax credit on goods and services bought from vendors in the state anything from the cost of parking on the street to the hotels where people are put up to studio space at cinespace chicago film studios.
State extends film tax credits to keep chicago fire and other. Cesar lopez tax credit manager illinois department. As the gateway to government our services include a. Talk shows will have a voice in the tax credit when the.
Illinois film production tax credit johnsonese brokerage llc. Applicants will receive an additional 15 percent tax credit on salaries of individuals that live in an economically disadvantaged area. The developers have met with the illinois film office about the. Dcase homepage film office tax incentives for filming. Chicago, illinois film offices celebrate record year in 2019 for local. The tax credit may be split between up to 10 transferees. You may do this at any time during the year, and the film office will process your report and. Application requirementsprocess film tax credit illinois.
Critics of tax credits for certain industries over others say it creates an unfair playing field. Mar 16, 2018 illinois production incentives include a 30%to40% transferable tax credit. They are dependable and professional, and work well with all illinois film office personnel. This is a refundable tax credit based on a production companys qualified hawaii expenditures while producing a qualified film, television, commercial, or digital media project. The illinois film tax credit is currently scheduled for legislative renewal in 2026. The yearly sunset provision has been removed so the il film services tax credit does not expire. Aug 01, 2019 state extends film tax credits to keep chicago fire and other productions in illinois. The chicago film office, a division of the department of cultural affairs and special events, leads the citys effort to attract and enhance the production of feature films, television series, commercials, documentaries and all forms of local screen entertainment.
State officials tout record film spending in illinois. Just click the edit page button at the bottom of the page or learn more in the company credits submission guide. It really is the driving force behind the upswing, without a doubt. Peter hawley, director of the illinois film office. Pritzker signed legislation extending those tax credits for through 2026. Just like a woman llc received an illinois film tax credit 10 times that. Production tax incentives massachusetts film office. The illinois workforce innovation boards apprenticeship committee created the apprenticeship illinois framework to address employers and participants varying degrees of knowledge andor comfort with apprenticeships. Mpis are popular with state officials and many of their constituents but often escape routine oversight about benefits, costs and activities. Our stages offer fully furnished production office space with large bullpens and suitestyle executive offices. Jeremy carverlin picturesnew line cinemawarner bros. The general assembly finds that the illinois economy is highly vulnerable to other states and nations that have major financial incentive programs targeted to the motion picture industry.