Gapers Block Mechanics | Chicago: Part of the recently passed "Tax Break Bill," or SB 397, includes the Live Theater Production Tax Credit Act. This act will give any for-profit production that does a long run or a pre-Broadway run in Illinois up to $2 million in tax credits for one fiscal year.
The only other state that has a similar tax credit for theatrical productions is Louisiana, although New York City also has a tax exemptions for theatrical productions.
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