(a) The Department shall evaluate the tax credit program. The evaluation must include an assessment of the effectiveness of the program in creating and retaining new jobs in Illinois and of the revenue impact of the program, and may include a review of the practices and experiences of other states or nations with similar programs. Upon completion of this evaluation, the Department shall determine the overall success of the program, and may make a recommendation to extend, modify, or not extend the program based on this evaluation.
     (b) At the end of each fiscal quarter, the Department must submit to the General Assembly a report that includes, without limitation, the following information:

Terms Used In Illinois Compiled Statutes 35 ILCS 16/45

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

         (1) the economic impact of the tax credit program,
    
including the number of jobs created and retained, including whether the job positions are entry level, management, talent-related, vendor-related, or production-related;
        (2) the amount of film production spending brought to
    
Illinois, including the amount of spending and type of Illinois vendors hired in connection with an accredited production; and
        (3) an overall picture of whether the human
    
infrastructure of the motion picture industry in Illinois reflects the geographical, racial and ethnic, gender, and income-level diversity of the State of Illinois.
    (c) At the end of each fiscal year, the Department must submit to the General Assembly a report that includes the following information:
         (1) an identification of each vendor that provided
    
goods or services that were included in an accredited production’s Illinois production spending, provided that the accredited production’s Illinois production spending attributable to that vendor exceeds, in the aggregate, $10,000 or 10% of the accredited production’s Illinois production spending, whichever is less;
        (2) the amount paid to each identified vendor by the
    
accredited production;
        (3) for each identified vendor, a statement as to
    
whether the vendor is a minority-owned business or a women-owned business, as defined under Section 2 of the Business Enterprise for Minorities, Women, and Persons with Disabilities Act, based on the best efforts of an accredited production; and
        (4) a description of any steps taken by the
    
Department to encourage accredited productions to use vendors who are a minority-owned business or a women-owned business.
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