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Illinois expands film tax credits amid taxpayer cost criticism
Original: Illinois lawmakers give big boost to movie industry while academics claim the Hollywood giveaway is a bad deal for taxpayers
Illinois lawmakers have approved expanded incentives for the film industry, boosting tax breaks aimed at attracting Hollywood productions to the state. Academics are pushing back, arguing the credits amount to a giveaway that costs taxpayers more than the economic benefits return. The debate pits economic development hopes against research suggesting film tax incentives rarely pay for themselves.
Why now: New legislation expanding film industry tax credits has sparked debate over whether such incentives benefit or burden taxpayers.
IllinoisIllinois lawmakersHollywoodfilm industry
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