Full Text of SB3806 103rd General Assembly
SB3806sam001 103RD GENERAL ASSEMBLY | Sen. Celina Villanueva Filed: 3/12/2024 | | 10300SB3806sam001 | | LRB103 37450 HLH 69911 a |
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| 1 | | AMENDMENT TO SENATE BILL 3806
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 3806 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 |
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| 1 | | of persons identified as a minority person or that reside in an | 2 | | underserved area that received training in the fiscal year. | 3 | | (Source: P.A. 102-700, eff. 4-19-22.)". |
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