Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
30% transferable tax credit for productions spending $100,000+ in Illinois on film, TV, and commercials, with an additional 15% credit for wages paid to residents of economically disadvantaged areas.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum Illinois spend: $100,000 for productions; $50,000 for commercials
2.Credit: 30% of Illinois production spending
3.Additional 15% on salaries of Illinois residents from economically disadvantaged areas
4.Transferable: sold to Illinois taxpayers via brokers
5.Must register with Illinois Film Office before production begins
DCEO · Illinois
Income tax credit of 25% for individual investors in certified Illinois innovative small businesses. The credit encourages investment in high-tech startups in life sciences, manufacturing, technology, and clean energy, with a $2 million maximum credit per taxpayer.
DCEO · Illinois
Corporate income tax credits for Illinois businesses retaining employees or creating new jobs, calculated as a percentage of income taxes attributable to qualifying Illinois employees.
ESD · New York
25–35% refundable tax credits for qualified film and TV productions shooting in New York State, with enhanced benefits for productions outside New York City and post-production work.