35 ILCS 19/50-15

(35 ILCS 19/50-15)

Sec. 50-15. Powers of the Department. The Department, in addition to those powers granted under the Civil Administrative Code of Illinois, is granted and has all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this Act, including, but not limited to, the power and authority to:

(1) adopt rules that are necessary and appropriate for the administration of this Act;

(2) establish forms for applications, notifications, contracts, or any other agreements with respect to tax credits under this Act and to accept applications for tax credits under this Act at any time during the year;

(3) assist applicants for tax credits under this Act to promote, foster, and support sound recording and live theater development and production and its related job creation or retention within the State;

(4) gather information and conduct inquiries, as provided in this Act, required for the Department to comply with the provisions of this Act and, without limitation, to obtain information with respect to applicants for the purpose of making any designations or certifications necessary or desirable to assist the Department with any recommendation or guidance in the furtherance of the purposes of this Act and relating to applicants' participation in training, education, and recruitment programs that are organized in cooperation with Illinois colleges and universities or labor organizations designed to promote and encourage the training and hiring of Illinois residents who represent the diversity of the Illinois population;

(5) provide for sufficient personnel to permit administrative, staffing, operating, and related support required to adequately discharge the Department's duties and responsibilities under this Act from funds as may be appropriated by the General Assembly for the administration of this Act; and

(6) require that the applicant at all times keep proper books and records of accounts relating to the tax credit award, in accordance with generally accepted accounting principles consistently applied, and make those books and records available for reasonable Department inspection and audit, upon reasonable written request by the Department, during the applicant's normal business hours. Any documents or data made available to the Department or received by the Department from the applicant by any agent, employee, officer, or service provider shall be deemed confidential and shall not constitute public records to the extent that the documents or data consist of commercial or financial information regarding the operation by the applicant of any theater or any accredited theater production or any recipient of any tax credit award under this Act.

(Source: P.A. 103-592, eff. 6-7-24.)