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Public Act 100-0603 |
SB1461 Enrolled | LRB100 11202 HLH 21511 b |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The Film
Production Services Tax Credit Act of |
2008 is amended by changing Sections 45 and 50 as follows: |
(35 ILCS 16/45)
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Sec. 45. Evaluation of tax credit program; reports to the |
General Assembly. |
(a) The Department shall evaluate the tax credit program. |
The evaluation must include an assessment of the effectiveness |
of the program in creating and retaining new jobs in Illinois |
and of the revenue impact of the program, and may include a |
review of the practices and experiences of other states or |
nations with similar programs. Upon completion of this |
evaluation, the Department shall determine the overall success |
of the program, and may make a recommendation to extend, |
modify, or not extend the program based on this evaluation. |
(b) At the end of each fiscal quarter, the Department must |
submit to the General Assembly a report that includes, without |
limitation, the following information: |
(1) the economic impact of the tax credit program,
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including the number of jobs created and retained, |
including whether the job positions are entry level, |
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management, talent-related, vendor-related, or |
production-related; |
(2) the amount of film production spending brought to
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Illinois, including the amount of spending and type of |
Illinois vendors hired in connection with an accredited |
production; and |
(3) an overall picture of whether the human
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infrastructure of the motion picture industry in Illinois |
reflects the geographical, racial and ethnic, gender, and |
income-level diversity of the State of Illinois.
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(c) At the end of each fiscal year, the Department must
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submit to the General Assembly a report that includes , without |
limitation, the following information: |
(1) an identification of each vendor that provided
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goods or services that were included in an accredited |
production's Illinois production spending , provided that |
the accredited production's Illinois production spending |
attributable to that vendor exceeds, in the aggregate, |
$10,000 or 10% of the accredited production's Illinois |
production spending, whichever is less ; |
(2) the amount paid to each identified vendor by the
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accredited production; |
(3) for each identified vendor, a statement as to
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whether the vendor is a minority owned business or a female |
owned business, as defined under Section 2 of the Business |
Enterprise for Minorities, Females, and Persons with |
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Disabilities Act , based on the best efforts of an |
accredited production ; and |
(4) a description of any steps taken by the
Department |
to encourage accredited productions to use vendors who are |
a minority owned business or a female owned business.
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(Source: P.A. 95-720, eff. 5-27-08 .) |
(35 ILCS 16/50)
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Sec. 50. Program terms and conditions.
Except for |
information that will be included, in an aggregated manner, |
within the annual report required under Section 45 of this Act, |
any Any documentary materials or data made available or |
received by
any agent or employee of the
Department are |
confidential and are not public records to the extent that the
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materials or data consist of commercial or financial |
information
regarding the operation of the production of the |
applicant for or
recipient of any tax credit under this Act.
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(Source: P.A. 95-720, eff. 5-27-08 .)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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