Full Text of SB1461 100th General Assembly
SB1461sam001 100TH GENERAL ASSEMBLY | Sen. Linda Holmes Filed: 3/10/2017
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| 1 | | AMENDMENT TO SENATE BILL 1461
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 1461 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 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, |
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| 1 | | modify, or not extend the program based on this evaluation. | 2 | | (b) At the end of each fiscal quarter, the Department must | 3 | | submit to the General Assembly a report that includes, without | 4 | | limitation, the following information: | 5 | | (1) the economic impact of the tax credit program,
| 6 | | including the number of jobs created and retained, | 7 | | including whether the job positions are entry level, | 8 | | management, talent-related, vendor-related, or | 9 | | production-related; | 10 | | (2) the amount of film production spending brought to
| 11 | | Illinois, including the amount of spending and type of | 12 | | Illinois vendors hired in connection with an accredited | 13 | | production; and | 14 | | (3) an overall picture of whether the human
| 15 | | infrastructure of the motion picture industry in Illinois | 16 | | reflects the geographical, racial and ethnic, gender, and | 17 | | income-level diversity of the State of Illinois.
| 18 | | (c) At the end of each fiscal year, the Department must
| 19 | | submit to the General Assembly a report that includes, without | 20 | | limitation, the following information: | 21 | | (1) an identification of each vendor that provided
| 22 | | goods or services with a cash value of $1,000 or more in | 23 | | the aggregate that were included in an accredited | 24 | | production's Illinois production spending; | 25 | | (2) the amount paid to each identified vendor by the
| 26 | | accredited production; |
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| 1 | | (3) for each identified vendor, a statement as to
| 2 | | whether the vendor is a minority owned business or a female | 3 | | owned business, as defined under Section 2 of the Business | 4 | | Enterprise for Minorities, Females, and Persons with | 5 | | Disabilities Act; and | 6 | | (4) a description of any steps taken by the
Department | 7 | | to encourage accredited productions to use vendors who are | 8 | | a minority owned business or a female owned business.
| 9 | | (Source: P.A. 95-720, eff. 5-27-08 .) | 10 | | (35 ILCS 16/50)
| 11 | | Sec. 50. Program terms and conditions.
Any documentary | 12 | | materials or data made available or received by
any agent or | 13 | | employee of the
Department are confidential and are not public | 14 | | records to the extent that the
materials or data consist of | 15 | | commercial or financial information
regarding the operation of | 16 | | the production of the applicant for or
recipient of any tax | 17 | | credit under this Act.
Such information may be released with | 18 | | the permission of the taxpayer.
| 19 | | (Source: P.A. 95-720, eff. 5-27-08 .)
| 20 | | Section 99. Effective date. This Act takes effect upon | 21 | | becoming law.".
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