Illinois Film Tax Credits

As a CPA firm, our role is to verify all costs submitted for the Illinois Film Production Tax Credit, ensuring that all expenses meet the program’s eligibility criteria.  We conduct a thorough review to confirm compliance with the program’s requirements before submission to the Illinois Film Office (IFO).  The IFO will then verify our findings and issue the tax credit upon approval. 

 30% of all qualified film and television expenditures, including post-production. 

15% additional tax credit on salaries of individuals who live in economically disadvantaged areas.

Within one year of issuance, the applicant may request that the tax credit be transferred to up to 10 transferees.