Section 532.100  Live Theater Tax Credit Program Evaluation and Report to Illinois General Assembly

a)         In determining whether the live theater tax credit program is effective in creating and retaining jobs in Illinois, the Department is responsible for determining the overall success of the program.  Correspondingly, on a quarterly basis, the Department is required to advise the Illinois General Assembly of the live theater tax credit program's economic impact. The Department's evaluation shall include:

1)         An assessment of the effectiveness of the program in creating and retaining new jobs in Illinois;

2)         An assessment of the revenue impact of the program;

3)         In the discretion of the Department, a review of the practices and experiences of other states or nations with similar programs; and

4)         An assessment of the overall success of the program. The Department may make a recommendation to extend, modify, or not extend the program based on the evaluation. [35 ILCS 17/10-50]

b)         At the end of each fiscal quarter, the Department shall submit to the General Assembly a report that includes, without limitation:

1)         An assessment of the economic impact of the program, including the number of jobs created and retained, and whether the job positions are entry level, management, vendor, or production related;

2)         The amount of accredited theater production spending brought to Illinois, including the amount of spending and type of Illinois vendors hired in connection with an accredited theater production; and

3)         A determination of whether those receiving qualifying Illinois labor expenditure salaries or wages reflect the geographical, racial and ethnic, gender, and income level diversity of the State of Illinois. [35 ILCS 17/10-50(b)]

c)         At the end of each fiscal year, the Department shall submit to the General Assembly a report that includes, without limitation:

1)         The identification of each vendor that provided goods or services that were included in an accredited theater production's Illinois production spending;

2)         A statement of the amount paid to each identified vendor by the accredited theater production and whether the vendor is a minority or female owned business as defined in Section 2 of the Business Enterprise          for Minorities, Females, and Persons with Disabilities Act; and

3)         A description of the steps taken by the Department to encourage accredited theater productions to use vendors who are minority or female owned businesses. [35 ILCS 17/10-50(c)]