IL SB1745

Caps above-the-line spending (payments to producers, directors, writers, lead cast) at 40% of total Illinois production spending for film tax credit eligibility, unless the Department of Commerce and Economic Opportunity grants an exception

Limits above-the-line spending paid to related parties to 12% of total Illinois production spending

Restricts below-the-line spending (technical crew wages) paid to related parties to fair market value of the transaction

Adds new definitions for "above-the-line spending," "below-the-line spending," "fair market value," "related party," and "unrelated party" to the Film Production Services Tax Credit Act of 2008

Requires the Department of Commerce and Economic Opportunity to adopt implementing rules within one year of the effective date