SB1897 amends the Film Production Services Tax Credit Act of 2008 to redefine accredited productions and adjust tax credit calculations.
SB1897 modifies the Film Production Services Tax Credit Act of 2008 by introducing new categories for accredited productions and altering the tax credit calculations. Accredited productions are now categorized as Category 1 or Category 2 based on specific criteria, such as the percentage of filming days in Illinois and the use of qualified production facilities. The bill also adjusts the amount of wages that can qualify as Illinois labor expenditures for nonresident employees, depending on the production's spending and size.
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