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Rep. Curtis J. Tarver, II
Filed: 3/12/2024
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1 | | AMENDMENT TO HOUSE BILL 5612
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2 | | AMENDMENT NO. ______. Amend House Bill 5612 by replacing |
3 | | everything after the enacting clause with the following: |
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 |
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1 | | by the Department to administer workforce training programs |
2 | | that support efforts to recruit, hire, promote, retain, |
3 | | develop, and train a diverse and inclusive workforce in the |
4 | | film industry. |
5 | | (b) Pursuant to Section 213 of the Illinois Income Tax |
6 | | Act, the Fund shall receive deposits in amounts not to exceed |
7 | | 0.25% of the amount of each credit certificate issued that is |
8 | | not calculated on out-of-state wages and transferred or |
9 | | claimed on an Illinois tax return in the quarter such credit |
10 | | was transferred or claimed . In addition, such amount shall |
11 | | also include 2.5% of the credit amount calculated on wages |
12 | | paid to nonresidents that is transferred or claimed on an |
13 | | Illinois tax return in the quarter such credit was transferred |
14 | | or claimed . |
15 | | (c) At the request of the Department, the State |
16 | | Comptroller and the State Treasurer may advance amounts to the |
17 | | Fund on an annual basis not to exceed $1,000,000 in any fiscal |
18 | | year. The fund from which the moneys are advanced shall be |
19 | | reimbursed in the same fiscal year for any such advance |
20 | | payments as described in this Section. The method of |
21 | | reimbursement shall be set forth in rules. |
22 | | (d) Of the appropriated funds in a given fiscal year, 50% |
23 | | of the appropriated funds shall be reserved for organizations |
24 | | that meet one of the following criteria. The organization is: |
25 | | (1) a minority-owned business, as defined by the Business |
26 | | Enterprise for Minorities, Women, and Persons with |
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1 | | Disabilities Act; (2) located in an underserved area, as |
2 | | defined by the Economic Development for a Growing Economy Tax |
3 | | Credit Act; or (3) on an annual basis, training a cohort of |
4 | | program participants where at least 50% of the program |
5 | | participants are either a minority person, as defined by the |
6 | | Business Enterprise for Minorities, Women, and Persons with |
7 | | Disabilities Act, or reside in an underserved area, as defined |
8 | | by the Economic Development for a Growing Economy Tax Credit |
9 | | Act. |
10 | | (e) The Illinois Production Workforce Development Fund |
11 | | shall be administered by the Department. The Department may |
12 | | adopt rules necessary to administer the provisions of this |
13 | | Section. |
14 | | (f) Notwithstanding any other law to the contrary, the |
15 | | Illinois Production Workforce Development Fund is not subject |
16 | | to sweeps, administrative charge-backs, or any other fiscal or |
17 | | budgetary maneuver that would in any way transfer any amounts |
18 | | from the Illinois Production Workforce Development Fund. |
19 | | (g) By June 30 of each fiscal year, the Department must |
20 | | submit to the General Assembly a report that includes the |
21 | | following information: (1) an identification of the |
22 | | organizations and institutions that received funding to |
23 | | administer workforce training programs during the fiscal year; |
24 | | (2) the number of total persons trained and the number of |
25 | | persons trained per workforce training program in the fiscal |
26 | | year; and (3) in the aggregate, per organization, the number |