• Font Size    

CBS 2 Most Popular Pages

Celebrity Watcher: Real Or Fake?
E-mail

Close Window E-mail This Page

Blagojevich Renews State Film Tax Credit

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +   
May 27, 2008 12:35 pm US/Central

Blagojevich Renews State Film Tax Credit

Harold Ramis: Without Tax Credit, Illinois Couldn't Compete In Movie Business

CHICAGO (AP) ― Governor Rod Blagojevich has signed a bill that renews the Film Tax Credit, saying it helped bring Illinois revenues of $155 million last year.

At a signing ceremony in Chicago, the governor was joined by Chicago native Harold Ramis and others in the movie business.

Blagojevich says that since the tax credit was enacted in 2003, the amount of revenue for the state has jumped dramatically -- about 80 percent between 2006 and 2007 alone.

He and others say the 20 percent tax credit means film crews spend millions of dollars in Illinois and thousands of Illinoisans have been hired to work on those movies.

Other states have similar bills. And Ramis says, without the tax credit, Illinois couldn't remain competitive in the movie business.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Editor's Picks

© MMIX, CBS Broadcasting, Inc. All Rights Reserved.