30% tax credit on all qualified in-state expenditures and an additional 15% tax credit on labor expenditures incurred in underemployed areas.
Annual Cap: None
Project Cap: None
Illinois has a thriving film industry, with tax incentives including a 30% tax credit on qualified expenditures. This is further boosted by an additional 15% tax credit on labor in underemployed areas, making it a popular choice for many producers.
Applying for the credit?
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Use our budget template to add qualified expenses to the proper chart of accounts as required by the state.