John Digles: Chicago should look to the Illinois Film Production Tax Credit as a model for revenue creation

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The Illinois Film Production Tax Incentive continues to generate revenue and create jobs for local film talent.

The Davis Theater, shown in 2017, which served as host of some of the Sundance Institute x Chicago 2024 films.

I’m proof. My debut feature film, “DESIGN,” was made in Chicago, funded largely by local investors and brought to the screen by one of the most experienced film crews in the country. “DESIGN” was an Official Selection of the Sundance Film Festival, toured the global film festival circuit and found an expanded audience in theatrical, broadcast and streaming distribution.

The first film production tax incentive in Illinois took effect Jan. 1, 2004, as a tax credit of 25% of an accredited production’s qualified Illinois expenditures, plus an additional 10% of Illinois labor expenditures on employees from areas of high unemployment. Editorial: City Council has a Google Doc full of wild new tax ideas and no clear plans to review spending. What a shocker.

With the recent release of Season 3 of “The Bear” on streaming, Mr. Beef and other locations again are experiencing increased business. That’s a sales tax boost too.

 

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