Full Text of SB1461 100th General Assembly
SB1461eng 100TH GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning State government.
| 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 Sections 45 and 50 as follows: | 6 | | (35 ILCS 16/45)
| 7 | | Sec. 45. Evaluation of tax credit program; reports to the | 8 | | General Assembly. | 9 | | (a) The Department shall evaluate the tax credit program. | 10 | | The evaluation must include an assessment of the effectiveness | 11 | | of the program in creating and retaining new jobs in Illinois | 12 | | and of the revenue impact of the program, and may include a | 13 | | review of the practices and experiences of other states or | 14 | | nations with similar programs. Upon completion of this | 15 | | evaluation, the Department shall determine the overall success | 16 | | of the program, and may make a recommendation to extend, | 17 | | modify, or not extend the program based on this evaluation. | 18 | | (b) At the end of each fiscal quarter, the Department must | 19 | | submit to the General Assembly a report that includes, without | 20 | | limitation, the following information: | 21 | | (1) the economic impact of the tax credit program,
| 22 | | including the number of jobs created and retained, | 23 | | including whether the job positions are entry level, |
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| 1 | | management, talent-related, vendor-related, or | 2 | | production-related; | 3 | | (2) the amount of film production spending brought to
| 4 | | Illinois, including the amount of spending and type of | 5 | | Illinois vendors hired in connection with an accredited | 6 | | production; and | 7 | | (3) an overall picture of whether the human
| 8 | | infrastructure of the motion picture industry in Illinois | 9 | | reflects the geographical, racial and ethnic, gender, and | 10 | | income-level diversity of the State of Illinois.
| 11 | | (c) At the end of each fiscal year, the Department must
| 12 | | submit to the General Assembly a report that includes , without | 13 | | limitation, the following information: | 14 | | (1) an identification of each vendor that provided
| 15 | | goods or services that were included in an accredited | 16 | | production's Illinois production spending , provided that | 17 | | the accredited production's Illinois production spending | 18 | | attributable to that vendor exceeds, in the aggregate, | 19 | | $10,000 or 10% of the accredited production's Illinois | 20 | | production spending, whichever is less ; | 21 | | (2) the amount paid to each identified vendor by the
| 22 | | accredited production; | 23 | | (3) for each identified vendor, a statement as to
| 24 | | whether the vendor is a minority owned business or a female | 25 | | owned business, as defined under Section 2 of the Business | 26 | | Enterprise for Minorities, Females, and Persons with |
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| 1 | | Disabilities Act; and | 2 | | (4) a description of any steps taken by the
Department | 3 | | to encourage accredited productions to use vendors who are | 4 | | a minority owned business or a female owned business.
| 5 | | (Source: P.A. 95-720, eff. 5-27-08 .) | 6 | | (35 ILCS 16/50)
| 7 | | Sec. 50. Program terms and conditions.
Any documentary | 8 | | materials or data made available or received by
any agent or | 9 | | employee of the
Department are confidential and are not public | 10 | | records to the extent that the
materials or data consist of | 11 | | commercial or financial information
regarding the operation of | 12 | | the production of the applicant for or
recipient of any tax | 13 | | credit under this Act.
Such information shall be released only | 14 | | if permission is granted by the taxpayer.
| 15 | | (Source: P.A. 95-720, eff. 5-27-08 .)
| 16 | | Section 99. Effective date. This Act takes effect upon | 17 | | becoming law.
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