Changes

The producers therefore wish to approach those with large Illinois tax liabilities.  Either corporations doing business in Illinois or attorneys in large firms are appropriate fits.  Some of these have large incomes, large tax liabilities, and are associated with a significantly large number of partners.  The appropriate manner by which to approach these groups is through their advising accountants.

The producers therefore wish to approach those with large Illinois tax liabilities.  Either corporations doing business in Illinois or attorneys in large firms are appropriate fits.  Some of these have large incomes, large tax liabilities, and are associated with a significantly large number of partners.  The appropriate manner by which to approach these groups is through their advising accountants.

In the above example, the producers budget spending $100,000 in Illinois.  The loaning entity or individuals provide a loan of $290,000.  After six to eight months, Illinois provides our production company the $300,000 tax credit which is then transferred to the loaning entity or individuals.  With that $10,000 paid back in interest, the earnings on the loan is $10,000/$290,000 x 100 = 3.4% for eight months, equivalent to 5.2% interest annualized.  (Note:  The full payment comes from the Illinois tax credit, not the production company, and therefore the "interest" is not income.)

In the above example, the producers budget spending $1 million in Illinois.  The loaning entity or individuals provide a loan of $290,000.  After six to eight months, Illinois provides our production company the $300,000 tax credit which is then transferred to the loaning entity or individuals.  With that $10,000 paid back in interest, the earnings on the loan is $10,000/$290,000 x 100 = 3.4% for eight months, equivalent to 5.2% interest annualized.  (Note:  The full payment comes from the Illinois tax credit, not the production company, and therefore the "interest" is not income.)

===Federal Deduction===

===Federal Deduction===