Illinois offers theater tax credits while it cannot pay its own debts

“Kinky Boots” had a successful pre-Broadway showing in Chicago but only after the producers received huge tax theater tax creditors offered by the state.  Illinois faces billions of dollars of debt; however, proponents say the tax credit is successful and benefits not only Chicago but also the entire state.  However, critics wonder how the state can offer such huge tax credits when it cannot pay its own debts.

For more details about the state tax credit for shows, see “Tax credit luring pre-Broadway shows to Chicago