Illinois Senate Bill 3249

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-02-06 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Film Production Services Tax Credit Act of 2008. Provides that, for an accredited production that commences on or after July 1, 2024, the credit includes the sum of the following: 30% of the Illinois production spending for the taxable year; 15% of the Illinois labor expenditures generated by the employment of residents of geographic areas of high poverty or high unemployment, as determined by the Department of Commerce and Economic Opportunity; an additional 5% of the Illinois labor expenditures generated by the employment of residents of the State who reside outside of the metropolitan area if the person is a resident of a geographic area of high poverty or high unemployment and also resides outside of the metropolitan area; and (iv) an additional 5% if 50% or more of the total hours of principal filming or taping of the production are completed in the State but outside of the metropolitan area, as determined by the Department. Provides that the term "metropolitan area" means the City of Chicago and any part of the State located within 30 miles of the City of Chicago. Effective immediately.

FILM TAX CR-NONMETROPOLITAN

Sen. Dale Fowler [R]

Date	Chamber	Action
2024-02-06	Senate	Referred to Assignments
2024-02-06	Senate	First Reading
2024-02-06	Senate	Filed with Secretary by Sen. Dale Fowler

Chapter	Article	Section	Citation Type	Statute Text
35	16	10	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3249&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB3249.htm