Loading chat...
IL SB3806
Bill
Status
Failed
1/7/2025
Primary Sponsor
Celina Villanueva
Click for details
AI Summary
- Amends the Film Production Services Tax Credit Act of 2008 to change the Illinois Production Workforce Development Fund's effective date from July 1, 2022 to July 1, 2023
- Deposits into the Fund shall be based on amounts transferred on Illinois tax returns (removes language allowing amounts "claimed" in addition to "transferred")
- Fund receives deposits of up to 0.25% of each credit certificate issued not calculated on out-of-state wages, plus 2.5% of credit amounts for wages paid to nonresidents
- Fund grants support workforce training programs for film industry recruitment, hiring, promotion, retention, and development of diverse and inclusive workers through community-based organizations, labor organizations, and educational institutions
- Reserves 50% of appropriated funds annually for minority-owned businesses, organizations in underserved areas, or those training cohorts where at least 50% of participants are minorities or underserved area residents
Legislative Description
FILM TAX-WORKFORCE FUND
Last Action
Session Sine Die
1/7/2025
Committee Referrals
Assignments5/3/2024
Revenue4/17/2024
Assignments4/16/2024
Revenue3/20/2024
Assignments3/12/2024
Revenue2/28/2024
Assignments2/9/2024
Full Bill Text
No bill text available