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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB3806 Introduced 2/9/2024, by Sen. Celina Villanueva SYNOPSIS AS INTRODUCED:
| | | Amends the Film Production Services Tax Credit Act of 2008. Provides that certain amounts shall be deposited into the Illinois Production Workforce Development Fund beginning on July 1, 2023 (currently, July 1, 2022). Provides that the amount deposited into the Fund shall be based on the amount transferred on the taxpayer's Illinois tax return (currently, transferred or claimed). |
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| | A BILL FOR |
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| | SB3806 | | LRB103 37450 HLH 67572 b |
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1 | | AN ACT concerning revenue.
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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 Section 46 as follows:
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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 |
17 | | by the Department to administer workforce training programs |
18 | | that support efforts to recruit, hire, promote, retain, |
19 | | develop, and train a diverse and inclusive workforce in the |
20 | | film industry. |
21 | | (b) Pursuant to Section 213 of the Illinois Income Tax |
22 | | Act, the Fund shall receive deposits in amounts not to exceed |
23 | | 0.25% of the amount of each credit certificate issued that is |