Examples of Illinois production spending in a sentence
For an accredited production with Illinois production spending of more than $25,000,000, no more than 4 nonresident actor's wages shall qualify as Illinois labor expenditures.
For an accredited Illinois production spending of $25,000,000 or less, no more than 2 nonresident actors' wages shall qualify as an Illinois labor expenditure.
Amounts equal to 30% of an employer’s Illinois production spending in the tax year for a motion picture or television production approved by DCEO, plus 15% of Illinois labor expenditures employing residents of areas of high poverty or high unemployment in a production starting on or after January 1, 2009 (may be carried forward 5 years; this credit is to apply through May 6, 2021).
Subject to the conditions set forth in this Act, an applicant is entitled to a tax credit award as approved by the Department for qualifying Illinois labor expenditures and Illinois production spending for each tax year in which the applicant is awarded an accredited theater production certificate issued by the Department.
The amount of the credit awarded under this Act is based on the amount of the Illinois labor expenditure and Illinois production spending approved by the Department for the production as set forth under Section 10.
Amounts equal to 20% of an employer’s Illinois labor expenditures in the tax year for a live stage production approved by DCEO; 20% of Illinois production spending; and 15% of Illinois labor expendi- tures employing residents in areas of high poverty or high unemploy- ment.
The tax credit award shall be calculated each tax year based upon the filing by the applicant on forms prescribed by the Department containing information regarding qualifying and quantified Illinois labor expenditures, as defined in Section 10-10, net of the limitation in that Section, and Illinois production spending, as defined in Section 10-10, net of the limitation in that Section.
Amounts equal to 20% of an employer’s Illinois labor expenditures in the tax year for a live stage production approved by the Department of Commerce and Economic Opportunity; 20% of Illinois production spending; and 15% of Illinois labor expenditures employing residents in areas of high poverty or high unemployment.
Amounts equal to 30% of an employer’s Illinois production spending in the tax year for a motion picture or television production approved by the Department, plus 15% of Illinois labor expenditures employing residents of areas of high poverty or high unemployment in a produc- tion starting on or after January 1, 2009 (may be carried forward 5 years; this credit is to apply through May 6, 2021).
For an accredited Illinois production spending of$25,000,000 or less, no more than 2 nonresident actors' wages shall qualify as an Illinois labor expenditure.