IL SB3249

Amends the Film Production Services Tax Credit Act of 2008 to create a new tax credit structure for accredited productions commencing on or after July 1, 2024.

Tax credit for qualifying productions includes 30% of Illinois production spending, plus 15% of labor expenditures from employees in high-poverty or high-unemployment areas, plus an additional 5% for employees from those areas residing outside the metropolitan area.

Adds an additional 5% credit increase if 50% or more of principal filming or taping hours occur outside the metropolitan area (defined as Chicago and areas within 30 miles of Chicago).

Maintains existing credit structures for productions commencing before July 1, 2024, with graduated percentages ranging from 20-30% of production spending.

Effective immediately upon enactment.