Illinois Administrative Code

Section 522.80 Determination of Amount of Tax Credit a) The credit shall be equal to 100% of the qualified education expenses, but in no event may the total credit amount awarded to a single taxpayer in a single taxable year exceed $3,500 per qualifying apprentice. [P.A. 101-0207…

Section 522.90 Record Retention An employer filing a return claiming the apprenticeship education expense credit shall maintain records of proof as to the education expenses paid for by the employer. The employer shall maintain the records for a period of not less than 3 years af…

Section 523.10 Purpose Through the Intermodal Facilities Promotion Program, the Department of Commerce and Economic Opportunity will provide grants to the developers of an intermodal terminal facility in the City of Joliet.

Section 523.20 Definitions "Act" means the Intermodal Facilities Promotion Act [30 ILCS 743]. "Agreement" means the agreement between an eligible developer and the Department under Section 30 of the Act. "Application" means a request for program funds, including the required info…

Section 523.30 Application Cycle The Department will supply interested applicants with an application upon request. Applications under this program will be accepted until June 30, 2010.

Section 523.40 Eligible Program Costs The total amount of a grant to an eligible developer shall not exceed the lesser of: a) $3,000,000 in each State fiscal year; or b) the total amount of infrastructure costs incurred by the eligible developer with respect to a project that is …

Section 523.50 Grant Application Applications for grant funds must include the following documentation: a) Project Summary. A brief statement and description of the project for which Intermodal Facilities Promotion Program funds are being sought. b) Background of Applicant. A dis…

Section 523.60 Review of Grant Application a) Application Screening. The Department shall screen all grant applications to determine that all elements of the application package have been addressed. Applicants will be notified of deficiencies in applications and given the opportu…

Section 523.70 Agreements with Applicants The Department shall enter into an agreement with an eligible developer who is entitled to grants under the Act. The agreement must include all of the following: a) A detailed description of the project that is the subject of the agreemen…

Section 527.10 Purpose The Department shall make Credit awards under the Act to foster job creation and retention in Illinois. [35 ILCS 10/5-15(a)(1)]

Section 527.100 Noncompliance with the Agreement a) If the Department determines that a Taxpayer who has received a Credit under the Act is not complying with the requirements of the Agreement or all of the provisions of the Act, the Director shall provide notice to the Taxpayer …

Section 527.110 Recapture and Reallocation of Recaptured Amounts a) If, during the term of an Agreement, the Taxpayer ceases principal operations at a Project location that is the subject of that Agreement with the intent to terminate operations in the State, the Department and t…

Section 527.20 Definitions The following definitions are applicable to this Part. "Accessible and affordable mass transit" means access to transit stops with regular and frequent service within one mile from the project site and pedestrian access to transit stops. "Act" means the…

Section 527.30 Eligibility Determination a) Any Taxpayer that is engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, assembling, warehousing, or distributing products, conducting research and development, providing tourism services, or provi…

Section 527.40 Form of Application a) Applications will be accepted at any time during the year. The Department will provide interested Applicants with an application package upon request. Submittal of an application does not commit the Department to award assistance or to pay an…

Section 527.50 Application Review a) Prior to substantive evaluation of an application, the Department shall screen all applications to determine that all requirements of the application package have been addressed. Applicants will be notified of deficiencies in applications and …

Section 527.60 Application Denial/Approval a) Applicants shall be notified in writing as to the Department's evaluation of all completed applications. If the Department denies an application for the Credit, it will specify the reasons for the denial in writing and allow the Appli…

Section 527.70 Determination of Amount and Term of the Credit a) The Department shall determine the amount and duration of the Credit awarded under the Act. The duration of the Credit may not exceed 10 taxable years. [35 ILCS 10/5-45] In determining the appropriate amount and dur…

Section 527.80 Tax Credit Agreement The Department and each Taxpayer whom the Department determines qualifies for a Credit under the Act shall enter into an Agreement that specifies terms and conditions regarding the provision of the Credit and defines the rights and responsibili…

Section 527.85 New Construction EDGE Credit a) The Department shall provide an application for eligible applicants interested in applying for a New Construction EDGE credit. The Department will announce on its website funding availability and any relevant information regarding th…

Section 527.90 Certificate of Verification a) The Taxpayer shall notify the Department on forms provided by the Department when the minimum eligible capital improvement investments have been placed in service and the minimum New Employee jobs have been created and that Retained E…

Section 528.10 Purpose The Department shall make film tax credit awards under the Film Production Services Tax Credit Act for the purpose of preserving and expanding the existing human infrastructure for the motion picture industry in Illinois, and to promote and encourage the tr…

Section 528.100 Books and Records The applicant must at all times keep proper books of record and accounts in accordance with generally accepted accounting principles consistently applied, with the books, records, or papers related to the accredited production in the custody or c…

Section 528.110 Data for Reports to the General Assembly a) In determining whether the film tax credit program is effective in creating jobs in Illinois, the Department is responsible for determining the overall success of the program. Correspondingly, on a quarterly basis, the D…

Section 528.120 Confidentiality of Documents and Data The Department will not permit public inspection or copying of any material that is or would be confidential under State law, specifically including the exemptions set forth in the Freedom of Information Act [5 ILCS 140]. If a…

Section 528.130 Dispute Process Applicants may dispute the amount of the tax credit certificate awarded by the Department or the Department's denial of a tax credit certificate. This process shall consist of an informal conference and a formal hearing. a) The Informal Conference …

Section 528.20 Definitions The following definitions are applicable to this Part: "Above-the-Line-Spending" means all salary, wages, fees, fringe benefits paid for services performed by personnel of the production that are considered above the line services in the film and televi…

Section 528.30 Eligibility Determination Applicants must satisfy all of the following criteria in order to be eligible for a credit: a) Ownership of Copyright in Accredited Production 1) The applicant must own the copyright in the accredited production throughout the Illinois pro…

Section 528.40 Application Process and Requirements The Department will accept and evaluate applications from eligible applicants in accordance with the following provisions: a) An applicant proposing a film, television or commercial production planned to be located in the State …

Section 528.50 Evaluation of Application a) Prior to substantive evaluation of an application for a credit, the Department shall review all applications to determine that all required information and documentation has been provided. Applicants will be notified, in writing, of any…

Section 528.60 Approval/Denial of Applications a) The Department reserves the right to make inquiries, to conduct studies in the manner and by the methods it deems necessary, and to review information with respect to the application. The Department also reserves the right to requ…

Section 528.62 Economic Impact Data The applicant or its representative shall use its best efforts in submitting its economic information to the Department related to the following: a) Jobs Created and Retained. This information shall document the number of jobs created and retai…

Section 528.63 Diversity Impact Data The applicant or its representative shall make its best efforts in submitting its diversity information to the Department related to gender and ethnicity of all employees hired and the business ownership status of vendors hired. This informati…

Section 528.65 Accredited Production Certificate a) Upon approval of an application, the Department will issue an accredited production certificate certifying that the production is an accredited production that meets the statutory requirements of the Act as well as the correspon…

Section 528.70 Request for Tax Credit Certificate The applicant may request a tax credit certificate from the Department certifying the actual amount of the credit awarded to the applicant at any time following the completion of the accredited production, but in no event later th…

Section 528.71 Approval/Denial of Tax Credit Certificate Request a) When the applicant submits its request for a tax credit certificate, the Department will review and verify the applicant's final diversity hiring numbers for crew, vendors and talent to determine whether it met t…

Section 528.75 Amount and Duration of Tax Credit For accredited productions commencing on or after January 1, 2009, eligible applicants will be awarded a credit equal to 30% of the Illinois production spending approved by the Department plus 15% of Illinois labor expenditures app…

Section 528.80 Interim and Final Film Tax Credit Certifications (Repealed) (Source: Repealed at 31 Ill. Reg. 2253, effective January 18, 2007)

Section 528.85 Transfer of Tax Credit a) A transfer of the credit may be made by the applicant earning the credit within one year after the credit is awarded in accordance with rules adopted by the Department of Commerce and Economic Opportunity. b) For purposes of this provision…

Section 528.86 Illinois Production Workforce Development Fund a) The Illinois Production Workforce Development Fund is created as a special fund in the State Treasury. Beginning July 1, 2023, amounts paid to the Department of Commerce and Economic Opportunity pursuant to Section …

Section 528.90 Non-Compliance Provisions (Repealed) (Source: Repealed at 31 Ill. Reg. 2253, effective January 18, 2007)

Section 529.10 Purpose The Department is charged with providing Tax Credit Awards to Illinois small businesses, in order to assist in the reversal of high unemployment and to help spur the economic recovery in Illinois. [35 ILCS 25/5]

Section 529.100 Tax Credit Certificate a) Upon receipt of applicant verification that compliance was maintained in accordance within Section 529.90, the Department shall provide the applicant with a tax credit certificate. The certificate shall include the following: 1) The name …

Section 529.110 Noncompliance a) If the Department determines that an applicant who has received a credit under the Act is not complying with the requirements or provisions of the Act, the Director shall provide notice to the applicant of the alleged noncompliance, and allow the …

Section 529.20 Definitions The following definitions are applicable to this Part. "Act" or "SBJC Act" means the Small Business Job Creation Tax Credit Act [35 ILCS 25/5]. "Applicant" means an person that is operating a business located within the State of Illinois that is engaged…

Section 529.30 Maximum Amount of Available Credits The Department shall limit the monetary amount of credits awarded under the Act to no more than $50,000,000. If applications for a greater amount are received, credits shall be allowed on a first-come, first-served basis, based o…

Section 529.40 Eligibility Determination a) In order to qualify for credits under the Act, an applicant must adhere to the requirements established by the Department. The Department shall require that any application must be submitted via the Department's web-based application pr…

Section 529.50 Application Format a) The Department will provide interested applicants with information upon request. Submittal of an application does not commit the Department to award assistance or to pay any costs incurred by the applicant in the preparation of an application.…

Section 529.60 Application Review a) The Department shall accept applications during the incentive period and via the procedures established by the Department. b) After receipt of an application, the Department shall issue a certificate of eligibility to the applicant stating: 1)…

Section 529.70 Application Approval/Denial a) Applicants shall be notified as to the Department's evaluation of all completed applications. If the Department denies either the application for the certificate of eligibility or the tax credit certificate, it will specify the reason…