Quote:
Originally Posted by MayorOfChicago
Actually Chicago matches Georgia's 30% tax credit, although it caps the amounts at a lower amount per person than Georgia. For instance the cap goes up to the first $100,000 salary per person as opposed to Georgia that credits the salary tax up to $500,000 per person.
Not sure where people got the idea that Illinois is one of the highest film taxing cities. I haven't heard about high taxes, but I know they have very generous tax credits.
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This is correct.
Another (more critical, IMO) difference is that Georgia's tax credit applies to out-of-state workers, whereas Illinois' credits apply only to Illinois residents.
Given our existing film infrastructure and state finances, this is the right path for our state.
More here:
http://www.chicagobusiness.com/artic...ilm-production