How SB 2098 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill expands the definition of accredited productions to include those with only post-production activities in Illinois and introduces a new tax credit for expenses related to building soundstages or digital walls.

• 35 ILCS 16/10

  On and after July 1, 2023, "accredited production" also includes productions in which only post production activities occur in Illinois.

  Allows productions that only conduct post-production in Illinois to qualify as accredited productions.

• 35 ILCS 16/10

  for an accredited production commencing on or after July 1, 2023, the amount calculated under paragraph (3), plus 10% of the Illinois production spending incurred for the purpose of building a soundstage or digital wall.

  Introduces a new tax credit of 10% for expenses incurred in building soundstages or digital walls for accredited productions starting after July 1, 2023.

• 35 ILCS 16/10

  accredited animated production also includes a production using visual effects (VFX), augmented reality (AR), mixed reality (MR), or virtual reality (VR).

  Expands the definition of accredited animated production to include the use of VFX, AR, MR, or VR.