The IFO advises that although the Illinois Film Tax Credit has not yet
been renewed, Governor Blagojevich remains committed to the credit and
we have every confidence that the credit will be extended as soon as the
state’s budget issues are resolved. However, we want to let you know that
the current tax credit expires December 31, 2007.
IMPORTANTNOTICE: If you have a project that you are
considering bringing to Illinois, you must submit an application
(found atwww.illinoisfilm.biz) by December31 ,2007.st Per State
of Illinois rules and regulations, applicants have two years from the
date of application to complete the statutory requirements and receive
the tax credit. As details of a project are often in flux, an application
filed by December 31 , 2007 can be amended after that date provided
that the amendments relate to original project content.st
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