Production Companies Eligible For Environmental Tax Credits
Production companies meeting specific environmental benchmarks can qualify for an extra 5% tax credit. Criteria for eligibility include minimizing waste and reducing energy use and emissions. Producer Brett Hayes of Flyover Studios in Champaign reported that his studio has already begun adopting eco-friendly practices. Hayes stated that the credit is expected to bring thousands of additional jobs to the city. New tax credits have been announced for production companies to support environmental initiatives.
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Sources · 7 independent
WGN Radio 720
“Production companies that meet certain environmental benchmarks will be eligible for an extra 5% tax credit. Two of the big criteria on the list are minimizing waste and reducing energy use and emissions.”
WGN Radio 720
“says the credit will help bring thousands more jobs to the city.”
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