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Randolph Proposes Tax Breaks For Film Industry

Democratic Sen. Lonnie Randolph is trying to revive Indiana’s tax credit for film and TV production.

The tax credit expired at the end of 2011.

Now Senate Bill 39 provides for a tax credit of as much as 40 percent on production expenses in an economically depressed city or county, and 35 percent elsewhere.

Supporters call it an economic development tool.

Illinois offers a 30-percent tax credit on qualified film-production expenses, as well as an additional 15-percent tax credit on salaries for individuals who live in economically disadvantaged areas.