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Illinois expands film tax credits as academics call it a taxpayer giveaway

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 a significant expansion of incentives for the film industry, boosting tax breaks aimed at attracting Hollywood productions to the state. Academics and other critics argue the subsidies amount to a giveaway that will cost taxpayers more than the economic benefits they generate. The debate pits economic development hopes against research suggesting film tax credits rarely pay for themselves.

Why now: Lawmakers just passed the film incentive expansion, drawing immediate criticism over its cost to taxpayers

IllinoisIllinois General AssemblyHollywoodIllinois film industry

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