TAX-FILM PRODUCTION CREDIT Senate SponsorsSen. Cristina Castro 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 35 ILCS 16/10Amends the Film Production Services Tax Credit Act of 2008. Provides that the term "Illinois labor expenditure" does not include: (1) above-the-line spending exceeding 40% of the total Illinois production spending for the production, unless the Department of Commerce and Economic Opportunity determines that the inclusion of such excess above-the-line spending is necessary for the production to be accredited; (2) above-the-line spending paid to related parties that exceeds, in the aggregate, 12% of the total Illinois production spending for the production; or (3) below-the-line spending paid to a related party that exceeds the fair market value of the transaction. Defines "above-the-line spending" and "below-the-line spending". Provides that the term "Illinois production spending" includes the fair market value of any transaction that (i) is entered into between the taxpayer and a related party or the taxpayer and an unrelated party, (ii) is related to the accredited production, and (iii) has terms that reflect the fair market value of the transaction. 2/5/2025SenateFiled with Secretary by Sen. Cristina Castro 2/5/2025SenateFirst Reading 2/5/2025SenateReferred to Assignments 2/18/2025SenateAssigned to Revenue 3/13/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Cristina Castro 3/13/2025SenateSenate Committee Amendment No. 1 Referred to Assignments 3/18/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue 3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025 4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025 5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 6/2/2025SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments