Friday, January 06, 2012

 

Production Tax Credit for Big Theatre in Illinois

The so-called Live Theatre Production Tax Credit, long sought by Broadway in Chicago, is designed to support Illinois engagements of pre-Broadway and long-running shows in theaters of 1,200 seats or more. It provides producers with tax credits in return for their spending in the State of Illnois; up to 20% of spending on such things as labor and marketing can be applied. The program is capped at $2 million per year

(from Chicago Tribune).

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