Illinois Administrative Code › Title 14 - COMMERCE › Part 532 - ILLINOIS LIVE THEATER PRODUCTION TAX CREDIT PROGRAM › Section 532.50 - Application for Accredited Theater Production Certificate

Current through Register Vol. 48, No. 28, July 12, 2024
a) In order to obtain a theater tax credit
			 award, an applicant must first receive an accredited theater production
			 certificate establishing that the applicant has satisfied the requirements of
			 the Act and this Part.
b) In order
			 to qualify for a theater tax credit awardunder the Act, an applicant must file
			 an application, on forms prescribed by the Department, providing information
			 necessary to calculate the tax credit award and any additional information as
			 reasonably required by the Department. [35 ILCS
			 17/10-40(a) ] The Department shall
			 only accept applications that are submitted electronically via the standard
			 application form provided by the Department. The applicant will be required to
			 provide information including, but not limited to, the following:
1) Legal name, address and telephone number
			 of applicant.
2) Whether the
			 applicant is a:
A) Theater
			 producer;
B) Owner;
C) Licensee;
D) Operator; or
E) Presenter.
3) Name, title and telephone number of the
			 primary contact person.
4) Type of
			 business entity:
A) Individual or sole
			 proprietorship;
B)
			 Partnership;
C)
			 Corporation;
D) Subchapter S
			 corporation;
E) Limited liability
			 company; or
F) Other (applicant
			 will provide description).
5) Date of incorporation or
			 formation.
6) Federal Employer
			 Identification Number (FEIN) or Tax Identification Number (TIN).
7) Production title and whether the
			 production is a:
A) Pre-Broadway production;
			 or
B) Long-run
			 production.
8) Estimated
			 opening night of the production run and estimated number of performances in
			 Illinois.
9) Estimated total budget
			 of production.
10) Estimated total
			 Illinois labor expenditure.
11)
			 Estimated number of Illinois residents to be hired to work on the
			 production.
12) For a Pre-Broadway
			 production, applicant must provide tangible evidence that the production is
			 scheduled to be performed in Broadway's Theater District within 12 months after
			 the end of the Illinois run.
13)
			 The applicant must certify that it is and will remain in good standing with
			 applicable state authorities, it is not currently operating under, or subject
			 to, any cease and desist order, or subject to any informal or formal regulatory
			 action, and, to the best of the applicant's knowledge, that it is not currently
			 the subject of any investigation by any state or federal regulatory, law
			 enforcement or legal authority. Should the applicant become the subject of an
			 investigation by any state or federal regulatory, law enforcement or legal
			 authority, the applicant shall promptly notify the Department of that
			 investigation. The applicant acknowledges that, should it become delinquent in
			 its good standing status with any applicable state authority or if it later
			 becomes subject to a cease and desist order or memorandum of understanding, or
			 is found in violation pursuant to any regulatory action or any court action or
			 proceeding before any administrative agency, the Department is authorized to
			 deny the applicant's request for an accredited theater production
			 certificate.