Bill Text: IL SB1461 | 2017-2018 | 100th General Assembly | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Economic Development Area Tax Increment Allocation Act. Makes a technical change in a Section concerning the short title.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Passed) 2018-07-13 - Public Act . . . . . . . . . 100-0603 [SB1461 Detail]
Download: Illinois-2017-SB1461-Engrossed.html
Bill Title: Amends the Economic Development Area Tax Increment Allocation Act. Makes a technical change in a Section concerning the short title.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Passed) 2018-07-13 - Public Act . . . . . . . . . 100-0603 [SB1461 Detail]
Download: Illinois-2017-SB1461-Engrossed.html
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1 | AN ACT concerning State government.
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2 | Be it enacted by the People of the State of Illinois, | ||||||
3 | represented in the General Assembly:
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4 | Section 5. The Film
Production Services Tax Credit Act of | ||||||
5 | 2008 is amended by changing Sections 45 and 50 as follows:
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6 | (35 ILCS 16/45)
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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,
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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
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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
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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.
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11 | (c) At the end of each fiscal year, the Department must
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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
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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
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22 | accredited production; | ||||||
23 | (3) for each identified vendor, a statement as to
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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.
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5 | (Source: P.A. 95-720, eff. 5-27-08 .)
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6 | (35 ILCS 16/50)
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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.
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15 | (Source: P.A. 95-720, eff. 5-27-08 .)
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16 | Section 99. Effective date. This Act takes effect upon | ||||||
17 | becoming law.
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