In order to claim your credit, you must first submit your hawaii production report to the hawai i film office. To maintain the thriving film industry and encourage growth in the entertainment sector, illinois offers a significant 30% film tax credit. The purpose of the northwest illinois film office is to promote the northwest illinois region through the development of film, video, and multimedia production. The tax credit may be split between up to 10 transferees. Whether youre looking for historic architecture, farmland, a university campus or wide open spaces, champaign county offers a diverse landscape with affordable, local services. Our stages offer fully furnished production office space with large bullpens and suitestyle executive offices. According to the illinois film office, a division of the. Tax credit can be carried forward 5 years from when originally issued by illinois film office. Production tax incentives massachusetts film office. Illinois production incentives include 30%to40% tax credit. Peter hawley, director of the illinois film office tv episode 2019 cast and crew credits, including actors, actresses, directors, writers and more.
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. In addition to helping production companies optimize and monetize state tax incentive programs, we provide a variety of advisory, audit and tax services. Film tax credit bill qualified expenditures tax credit benefits 30% of the qualified illinois production spending. Just click the edit page button at the bottom of the page or learn more in the company credits submission guide. Cesar lopez film tax credit manager at illinois department commerce and economic opportunity chicago, illinois government administration. 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. Chicago, illinois film offices celebrate record year in 2019 for local. A law passed in 2008 established the current 30 percent tax credit, which remains in effect through 2021 with. For more information about the film incentive program, please contact the illinois film office. The heads of the illinois and chicago film offices discuss the role a tax credit extension plays in getting productions made locally. Jan 25, 2018 christine dudley leads the illinois film office promoting illinois as a global destination for film, television and advertising production. Situated in the heart of the midwest, just hours south of chicago, champaign county offers an ideal film location for a variety of projects.
Applicants will receive an additional 15 percent tax credit on salaries of individuals that live in an economically disadvantaged area. Pritzker says it could also give a boost to south works movie studio plan by dan petrella. Tax credit can be carried forward 5 years from when originally issued by ifo. Aug 01, 2019 state extends film tax credits to keep chicago fire and other productions in illinois. Illinois is bringing back its film tax credit program deadline. Peter hawley, director of the illinois film office. Movie production incentives are tax benefits offered on a statebystate basis throughout the united states to encourage instate film production. Illinois lawmaker proposes punishing smollett employers by. Just like a woman llc received an illinois film tax credit 10 times that. 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. 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 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.
Illinois film tax credit program is theatrically bad illinois policy. 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. But she says it is a states tax credit incentives for film and tv production that really drive competition for business between states. The yearly sunset provision has been removed so the il film services tax credit does not expire. If you would like to apply for our program, you may do so accordingly. Dcase homepage film office tax incentives for filming. The longoverdue passage of the 2008 illinois film tax credit. 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. Illinois film office wants investors to develop production.
Because of the incentive programs of these competitor locations, illinois must move aggressively with new business development. 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. 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. The illinois production tax credit incentive program is 100% up and running. State extends film tax credits to keep chicago fire and. Massachusetts provides filmmakers with a highly competitive package of tax incentives. 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. Local tv and film production caught in state budget. 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. For filmmakers, it is a onestop liaison for all city of chicago production. 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.
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. Illinois film services tax credit film tax credit illinois. These incentives came about in the 1990s in response to the flight of movie productions to other countries such as canada. 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 and the city of chicago have become premier destinations for movie and tv show productions. State extends film tax credits to keep chicago fire and other.
Cesar lopez tax credit manager illinois department. In addition, the tax credit aims to stimulate diversity in production hiring. You can find a full list of acceptable contributions in appendix b of the overview and instructions packet for the tax credit. Illinois department of commerce and economic opportunity. Illinois offers a robust and sustainable 30% film tax credit and is the only u. Illinois film production tax credit johnsonese brokerage llc. Tax credit can be carried forward 5 years from when originally issued by illinois film office department of commerce and economic opportunity. Applicable against the illinois corporate income tax and personal income tax. Illinois is home to a thriving film industry with a nationally renowned crew base, actors, and industry vendors. 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. 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. You can also submit your location for consideration and register your business for production consideration.
In addition to the wellknown options of 1 registered. 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. Mar 16, 2018 illinois production incentives include a 30%to40% transferable tax credit. Illinois film services tax credit illinois institute for. Illinois film tax credit program is theatrically bad. According to the illinois film office which awards a 30 percent tax credit to film, television and advertising. The goal is to provide a variety of options for participation. The team at the illinois film office can assist with images from the scouting database for illinois and chicago locations. 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. It ensures characterdefining features and spaces of buildings are retained and helps revitalize surrounding neighborhoods. The developers have met with the illinois film office about the. Unused tax credit may be carried forward for up to 5 taxable years. Illinois filmentertainment tax credit monarch private capital.
Ohio film office tax credit overview and frequently asked. How the what we do in the shadows production team constructed a mansion from scratch. 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. 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.
Mpis are popular with state officials and many of their constituents but often escape routine oversight about benefits, costs and activities. Pritzker signs film tax credit to encourage tv, movie. Critics of tax credits for certain industries over others say it creates an unfair playing field. Illinois compiled statutes illinois general assembly. For filmmakers, it is a onestop liaison for all city. State extends film tax credits to keep chicago fire and other productions in illinois. 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. Our fees are paid by insurance companies, but because we are an illinois business these fees can still be applied to your. The chicago and illinois film offices are celebrating a record year for television, film and media production activity in chicago and around the state.
Bent outta shape productions foxx hole productions warner bros. The state of illinois offers a 30% transferable tax credit for qualified productions. State officials tout record film spending in illinois. For more information about the film incentive program, please contact the illinois film office illinois film office. In the last decade, state governments have enacted numerous movie production incentives mpis, including tax credits for film production. 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. Movie production incentives in the united states wikipedia. Chicago, illinois film offices celebrate record year in 2019. 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. 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. 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 illinois film tax credit is currently scheduled for legislative renewal in 2026. We do not endorse any of the services provided in this list. A film production tax credit is available to any eligible production company which produces a qualified production and incurs qualified production expenses or costs. 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 yearly sunset provision has been removed so the film services tax credit does not expire. This tax credit is administered by the connecticut department of economic and community development decd. Mar 04, 2019 tax credit helps spur expenditures on goods.
Additional 15% credit applicants will receive an additional 15% tax credit on salaries paid to individuals. It needs approval by the full senate before it goes back to the house for a final vote. The donor can choose to transfer the credits to the project, which creates additional. As the gateway to government our services include a. Following is a list casting agencies in chicago that may be able to provide additional information and opportunities. Omen ii 1978 cast and crew credits, including actors, actresses, directors, writers and more. The credit equals 20% of qualified production costs incurred on oahu, and 25% on the neighbor islands big island, kauai, lanai, maui, molokai. Applicants must fill out the application form provided by ifo. The tax credits are transferrable, meaning the credits can be sold to a third party if they exceed the projects illinois tax liability.
State tax credit the state historic preservation tax credit program provides a state income tax credit for the sensitive, substantial rehabilitation of historic buildings. Tax credit extension aims to cement film industrys local foothold. The incentives, which give companies 30% tax credits on production costs and. The duration of the credit may not exceed one taxable year. 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. Whether rauner has the authority to put the film incentive on hold is unclear. Illinois film tax credit program is a slap in the face to the states small. It looks like we dont have any company credits for this title yet. They are dependable and professional, and work well with all illinois film office personnel. Pritzker signed legislation extending those tax credits for through 2026. 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. Illinois filmmaking revenue grows 12 percent in 2018. 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.
By extending the film tax credit, governor pritzker has proven his commitment to supporting the industry and ensuring it continues to succeed and. 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. Talk shows will have a voice in the tax credit when the. List of tax credit buyers the illinois film office provides this information from third parties for your convenience. 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. Tax credit can be carried forward 5 years from when originally issued by illinois film officedepartment of commerce and economic opportunity.
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. The illinois film tax credit will not sunset until may 2021, and is renewable in 5year increments, thereafter. It really is the driving force behind the upswing, without a doubt. Film tax credits in the last decade, state governments have enacted numerous movie production incentives mpis, including tax credits for film production. The illinois film office production guide may also be a helpful resource 2. 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. Unused tax credits may be carried forward for up to 5 taxable years. While most states maintained the status quo, or reduced film incentives, a few states made slight augmentations to their programs. Jeremy carverlin picturesnew line cinemawarner bros.