Through a series of tax credits aimed at luring moviemakers to the state, Illinois has become a popular location for the motion picture industry. The General Assembly’s Illinois Film Production Tax Credit Act has been on the books since 2008, and a 10-year extension was approved last year.
Since its inception, this tax credit has benefited the state’s economy with an economic impact of more than $6 billion. In the 10-year span from 2012 to 2022, Illinois averaged $404 million in direct expenditures by film studios. The International Alliance of Theatrical Stage Employees reported their membership for Illinois residents doubled during this time period as well.
Senate Republicans continue to prioritize policies that help grow businesses and encourage investments in Illinois.