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1 | AN ACT concerning revenue. | |||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly: | |||||||||||||||||||
4 | Section 5. The Film Production Services Tax Credit Act of | |||||||||||||||||||
5 | 2008 is amended by changing Section 46 as follows: | |||||||||||||||||||
6 | (35 ILCS 16/46) | |||||||||||||||||||
7 | Sec. 46. Illinois Production Workforce Development Fund. | |||||||||||||||||||
8 | (a) The Illinois Production Workforce Development Fund is | |||||||||||||||||||
9 | created as a special fund in the State Treasury. Beginning | |||||||||||||||||||
10 | July 1, 2023 July 1, 2022 , amounts paid to the Department of | |||||||||||||||||||
11 | Commerce and Economic Opportunity pursuant to Section 213 of | |||||||||||||||||||
12 | the Illinois Income Tax Act shall be deposited into the Fund. | |||||||||||||||||||
13 | The Fund shall be used exclusively to provide grants to | |||||||||||||||||||
14 | community-based organizations, labor organizations, private | |||||||||||||||||||
15 | and public universities, community colleges, and other | |||||||||||||||||||
16 | organizations and institutions that may be deemed appropriate | |||||||||||||||||||
17 | by the Department to administer workforce training programs | |||||||||||||||||||
18 | that support efforts to recruit, hire, promote, retain, | |||||||||||||||||||
19 | develop, and train a diverse and inclusive workforce in the | |||||||||||||||||||
20 | film industry. | |||||||||||||||||||
21 | (b) Pursuant to Section 213 of the Illinois Income Tax | |||||||||||||||||||
22 | Act, the Fund shall receive deposits in amounts not to exceed | |||||||||||||||||||
23 | 0.25% of the amount of each credit certificate issued that is |
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1 | not calculated on out-of-state wages and transferred or | ||||||
2 | claimed on an Illinois tax return in the quarter such credit | ||||||
3 | was transferred or claimed . In addition, such amount shall | ||||||
4 | also include 2.5% of the credit amount calculated on wages | ||||||
5 | paid to nonresidents that is transferred or claimed on an | ||||||
6 | Illinois tax return in the quarter such credit was transferred | ||||||
7 | or claimed . | ||||||
8 | (c) At the request of the Department, the State | ||||||
9 | Comptroller and the State Treasurer may advance amounts to the | ||||||
10 | Fund on an annual basis not to exceed $1,000,000 in any fiscal | ||||||
11 | year. The fund from which the moneys are advanced shall be | ||||||
12 | reimbursed in the same fiscal year for any such advance | ||||||
13 | payments as described in this Section. The method of | ||||||
14 | reimbursement shall be set forth in rules. | ||||||
15 | (d) Of the appropriated funds in a given fiscal year, 50% | ||||||
16 | of the appropriated funds shall be reserved for organizations | ||||||
17 | that meet one of the following criteria. The organization is: | ||||||
18 | (1) a minority-owned business, as defined by the Business | ||||||
19 | Enterprise for Minorities, Women, and Persons with | ||||||
20 | Disabilities Act; (2) located in an underserved area, as | ||||||
21 | defined by the Economic Development for a Growing Economy Tax | ||||||
22 | Credit Act; or (3) on an annual basis, training a cohort of | ||||||
23 | program participants where at least 50% of the program | ||||||
24 | participants are either a minority person, as defined by the | ||||||
25 | Business Enterprise for Minorities, Women, and Persons with | ||||||
26 | Disabilities Act, or reside in an underserved area, as defined |
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1 | by the Economic Development for a Growing Economy Tax Credit | ||||||
2 | Act. | ||||||
3 | (e) The Illinois Production Workforce Development Fund | ||||||
4 | shall be administered by the Department. The Department may | ||||||
5 | adopt rules necessary to administer the provisions of this | ||||||
6 | Section. | ||||||
7 | (f) Notwithstanding any other law to the contrary, the | ||||||
8 | Illinois Production Workforce Development Fund is not subject | ||||||
9 | to sweeps, administrative charge-backs, or any other fiscal or | ||||||
10 | budgetary maneuver that would in any way transfer any amounts | ||||||
11 | from the Illinois Production Workforce Development Fund. | ||||||
12 | (g) By June 30 of each fiscal year, the Department must | ||||||
13 | submit to the General Assembly a report that includes the | ||||||
14 | following information: (1) an identification of the | ||||||
15 | organizations and institutions that received funding to | ||||||
16 | administer workforce training programs during the fiscal year; | ||||||
17 | (2) the number of total persons trained and the number of | ||||||
18 | persons trained per workforce training program in the fiscal | ||||||
19 | year; and (3) in the aggregate, per organization, the number | ||||||
20 | of persons identified as a minority person or that reside in an | ||||||
21 | underserved area that received training in the fiscal year. | ||||||
22 | (Source: P.A. 102-700, eff. 4-19-22.) |