HB1528 Summary

• Removes the exclusion of industrial, corporate, and institutional productions from the definition of "accredited production" under the Film Production Services Tax Credit Act.

• Expands "Illinois production spending" to include compensation paid to performing artists, with a cap of $1,000,000 per artist for productions commencing after the effective date.

• Defines "performing artist" as a person providing services as an actor or actress, excluding managers, promoters, and athletes.

• Increases the wage cap for performing artists in "Illinois labor expenditure" calculations to $1,000,000, but excludes the first $100,000 of wages paid to non-Illinois resident performing artists.

• Takes effect immediately upon becoming law.