IL HB2999

Makes the Film Production Services Tax Credit permanent by exempting it from sunset provisions that would have ended the credit for tax years beginning January 1, 2027.

Expands "Illinois production spending" to include compensation up to $1,000,000 per employee for up to 4 contractual or salaried employees who do not need to be state residents.

Increases tax credit to 30% of Illinois production spending plus additional credits for employment in high-poverty areas and outside the Chicago metropolitan area (defined as Chicago and areas within 30 miles).

Allows talk shows and reality competition productions to qualify as accredited productions, expanding eligible production types.

Provides a 5% bonus credit increase when 50% or more of principal filming occurs outside the metropolitan area, and caps out-of-state employee wage deductions at $200,000 while allowing 100% deduction for in-state resident employees.