Illinois General Assembly - Full Text of HB5524
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Full Text of HB5524  94th General Assembly


Sen. Rickey R. Hendon

Filed: 4/4/2006





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2     AMENDMENT NO. ______. Amend House Bill 5524, AS AMENDED,
3 with reference to page and line numbers of Senate Amendment No.
4 1, as follows:
5 on page 1, line 5, by changing "40," to "40, 45,"; and
6 on page 5, immediately below line 19, by inserting the
7 following:
8     "(35 ILCS 15/45)
9     (Section scheduled to be repealed on January 1, 2007)
10     Sec. 45. Evaluation of tax credit program; reports to the
11 General Assembly.
12     (a) The Department shall evaluate the tax credit program.
13 The evaluation must include an assessment of the effectiveness
14 of the program in creating and retaining new jobs in Illinois
15 and of the revenue impact of the program, and may include a
16 review of the practices and experiences of other states or
17 nations with similar programs. Upon completion of this
18 evaluation, the Department shall determine the overall success
19 of the program, and may make a recommendation to extend,
20 modify, or not extend the program based on this evaluation.
21     (b) At the end of each fiscal quarter, the Department must
22 submit to the General Assembly a report that includes, without
23 limitation, the following information:



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1         (1) the economic impact of the tax credit program,
2     including the number of jobs created and retained,
3     including whether the job positions are entry level,
4     management, talent-related, vendor-related, or
5     production-related;
6         (2) the amount of film production spending brought to
7     Illinois, including the amount of spending and type of
8     Illinois vendors hired in connection with an accredited
9     production; and
10         (3) an overall picture of whether the human
11     infrastructure of the motion picture industry in Illinois
12     reflects the geographical, racial and ethnic, gender, and
13     income-level diversity of the State of Illinois.
14     (c) At the end of each fiscal year, the Department must
15 submit to the General Assembly a report that includes, without
16 limitation, the following information:
17         (1) an identification of each vendor that provided
18     goods or services that were included in an accredited
19     production's Illinois production spending;
20         (2) the amount paid to each identified vendor by the
21     accredited production;
22         (3) for each identified vendor, a statement as to
23     whether the vendor is a minority owned business or a female
24     owned business, as defined under Section 2 of the Business
25     Enterprise for Minorities, Females, and Persons with
26     Disabilities Act; and
27         (4) a description of any steps taken by the Department
28     to encourage accredited productions to use vendors who are
29     a minority owned business or a female owned business.
30 (Source: P.A. 93-543, eff. 1-1-04; 94-171, eff. 7-11-05.)".