Full Text of SB2983 94th General Assembly
SB2983sam005 94TH GENERAL ASSEMBLY
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Sen. Rickey R. Hendon
Filed: 4/5/2006
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| AMENDMENT TO SENATE BILL 2983
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| AMENDMENT NO. ______. Amend Senate Bill 2983, AS AMENDED, | 3 |
| with reference to page and line numbers of Senate Amendment No. | 4 |
| 4, as follows:
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| on page 1, line 5, by changing "40," to "40, 45,"; and | 6 |
| on page 5, immediately below line 19, by inserting the | 7 |
| following:
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| "(35 ILCS 15/45)
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| (Section scheduled to be repealed on January 1, 2007)
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| Sec. 45. Evaluation of tax credit program; reports to the | 11 |
| General Assembly. | 12 |
| (a) The
Department shall evaluate the tax credit program. | 13 |
| The evaluation must include
an assessment of the effectiveness | 14 |
| of the program in creating and retaining new
jobs in Illinois | 15 |
| and of the revenue impact of the program, and may include a
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| review of the practices and experiences of other states or | 17 |
| nations with similar
programs. Upon completion of this | 18 |
| evaluation, the Department shall determine
the overall success | 19 |
| of the program, and may make a recommendation to extend,
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| modify, or not extend the program based on this evaluation. | 21 |
| (b) At the end of each fiscal quarter, the Department must | 22 |
| submit to the General Assembly a report that includes, without | 23 |
| limitation, the following information: |
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| (1) the economic impact of the tax credit program, | 2 |
| including the number of jobs created and retained, | 3 |
| including whether the job positions are entry level, | 4 |
| management, talent-related, vendor-related, or | 5 |
| production-related; | 6 |
| (2) the amount of film production spending brought to | 7 |
| Illinois, including the amount of spending and type of | 8 |
| Illinois vendors hired in connection with an accredited | 9 |
| production; and | 10 |
| (3) an overall picture of whether the human | 11 |
| infrastructure of the motion picture industry in Illinois | 12 |
| reflects the geographical, racial and ethnic, gender, and | 13 |
| income-level diversity of the State of Illinois. | 14 |
| (c) At the end of each fiscal year, the Department must | 15 |
| submit to the General Assembly a report that includes, without | 16 |
| limitation, the following information: | 17 |
| (1) an identification of each vendor that provided | 18 |
| goods or services that were included in an accredited | 19 |
| production's Illinois production spending; | 20 |
| (2) the amount paid to each identified vendor by the | 21 |
| accredited production; | 22 |
| (3) for each identified vendor, a statement as to | 23 |
| whether the vendor is a minority owned business or a female | 24 |
| owned business, as defined under Section 2 of the Business | 25 |
| Enterprise for Minorities, Females, and Persons with | 26 |
| Disabilities Act; and | 27 |
| (4) a description of any steps taken by the Department | 28 |
| to encourage accredited productions to use vendors who are | 29 |
| a minority owned business or a female owned business.
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| (Source: P.A. 93-543, eff. 1-1-04; 94-171, eff. 7-11-05.)".
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