Sen. Rickey R. Hendon
Filed: 4/4/2006
 
 

 




 

 		












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AMENDMENT TO HOUSE BILL 5524




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    AMENDMENT NO. ______. Amend House Bill 5524, AS AMENDED, 
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with reference to page and line numbers of Senate Amendment No. 
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1, as follows:

 
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on page 1, line 5, by changing "40," to "40, 45,"; and
 
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on page 5, immediately below line 19, by inserting the 
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following:
 



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    "(35 ILCS 15/45)


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    (Section scheduled to be repealed on January 1, 2007)

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    Sec. 45. Evaluation of tax credit program; reports to the 
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General Assembly. 
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    (a) The
Department shall evaluate the tax credit program. 
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The evaluation must include
an assessment of the effectiveness 
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of the program in creating and retaining new
jobs in Illinois 
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and of the revenue impact of the program, and may include a

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review of the practices and experiences of other states or 
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nations with similar
programs.  Upon completion of this 
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evaluation, the Department shall determine
the overall success 
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of the program, and may make a recommendation to extend,

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modify, or not extend the program based on this evaluation.
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    (b) At the end of each fiscal quarter, the Department must 
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submit to the General Assembly a report that includes, without 
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limitation, the following information:
 


 






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        (1) the economic impact of the tax credit program, 
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    including the number of jobs created and retained, 
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    including whether the job positions are entry level, 
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    management, talent-related, vendor-related, or 
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    production-related;
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        (2) the amount of film production spending brought to 
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    Illinois, including the amount of spending and type of 
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    Illinois vendors hired in connection with an accredited 
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    production; and
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        (3) an overall picture of whether the human 
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    infrastructure of the motion picture industry in Illinois 
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    reflects the geographical, racial and ethnic, gender, and 
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    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 
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limitation, the following information:
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        (1) an identification of each vendor that provided 
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    goods or services that were included in an accredited 
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    production's Illinois production spending;
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        (2) the amount paid to each identified vendor by the 
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    accredited production;
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        (3) for each identified vendor, a statement as to 
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    whether the  vendor is a minority owned business or a female 
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    owned business, as defined under Section 2 of the Business 
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    Enterprise for Minorities, Females, and Persons with 
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    Disabilities Act; and
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        (4) a description of any steps taken by the Department 
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    to encourage accredited productions to use vendors who are 
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    a minority owned business or a female owned business.


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(Source: P.A. 93-543, eff. 1-1-04; 94-171, eff. 7-11-05.)".