Chapter 20 — EXECUTIVE BRANCH

(20 ILCS 663/15) Sec. 15. Transferability. No tax credit claimed under this Act shall be refundable or saleable on the open market. Tax credits earned by a partnership, limited liability company, S corporation, or other "pass-through" entity may be allocated to the partners, memb…

(20 ILCS 663/20) Sec. 20. Annual cap on credits. The Department shall limit the monetary amount of qualified equity investments permitted under this Act to a level necessary to limit tax credit use at no more than (i) $20,000,000 in tax credits for fiscal years beginning before J…

(20 ILCS 663/25) Sec. 25. Certification of qualified equity investments. (a) A qualified community development entity that seeks to have an equity investment or long-term debt security designated as a qualified equity investment and eligible for tax credits under this Section sha…

(20 ILCS 663/40) Sec. 40. Recapture. The Department of Revenue shall recapture, from the taxpayer that claimed the credit on a return, the tax credit allowed under this Act if: (1) any amount of the federal tax credit available with respect to a qualified equity investment that i…

(20 ILCS 663/43) Sec. 43. Prohibited activities and interests. For qualified equity investments made on or after January 1, 2017, no qualified active low-income community business that receives a qualified low-income community investment from a qualified community development ent…

(20 ILCS 663/45) Sec. 45. Examination and rulemaking. (a) The Department may conduct examinations to verify that the tax credits under this Act have been received and applied according to the requirements of this Act and to verify that no event has occurred that would result in a…

(20 ILCS 663/5) Sec. 5. Definitions. As used in this Act: "Applicable percentage" means 0% for each of the first 2 credit allowance dates, 7% for the third credit allowance date, and 8% for the next 4 credit allowance dates. "Credit allowance date" means with respect to any quali…

(20 ILCS 663/50) Sec. 50. Sunset. For fiscal years following fiscal year 2031, qualified equity investments shall not be made under this Act unless reauthorization is made pursuant to this Section. For all fiscal years following fiscal year 2031, unless the General Assembly adopt…

(20 ILCS 663/55) Sec. 55. Annual report. Each qualified community development entity shall submit an annual report to the Department within 45 days after the beginning of each calendar year during the compliance period. No annual report shall be due prior to the first anniversary…

(20 ILCS 663/75) Sec. 75. (Amendatory provisions; text omitted). (Source: P.A. 95-1024, eff. 12-31-08; text omitted.)

(20 ILCS 663/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 95-1024, eff. 12-31-08.)

(20 ILCS 665/1) (from Ch. 127, par. 200-21) Sec. 1. Short title. This Act shall be known and cited as the Illinois Promotion Act. (Source: P.A. 92-38, eff. 6-28-01.)

(20 ILCS 665/10) (from Ch. 127, par. 200-30) Sec. 10. Quarterly statement. The Department shall submit quarterly to the Governor and to the State Comptroller a statement on promotional activities undertaken under the terms of this Act. (Source: P.A. 92-38, eff. 6-28-01.)

(20 ILCS 665/11) (from Ch. 127, par. 200-31) Sec. 11. Promotional material. Any promotional material produced as the result of the financial participation of the State of Illinois under the terms of this Act shall so indicate thereon. (Source: P.A. 92-38, eff. 6-28-01.)

(20 ILCS 665/13) (from Ch. 127, par. 200-33) Sec. 13. Powers of municipalities and counties. For the purposes set out in this Act, the corporate authorities of each city, village or incorporated town and the county board of each county may (1) promote the advantages of the munici…

(20 ILCS 665/13a) (from Ch. 127, par. 200-33a) Sec. 13a. Affirmative action. The Department shall, within 90 days after the effective date of this amendatory Act of 1984, establish and maintain an affirmative action program designed to promote equal employment opportunity and eli…

(20 ILCS 665/14) (from Ch. 127, par. 200-34) Sec. 14. Severability. If any section, subdivision, sentence or clause of this Act is for any reason held invalid or unconstitutional, such decision shall not affect the validity of the remaining portions of this Act. (Source: P.A. 92-…

(20 ILCS 665/2) (from Ch. 127, par. 200-22) Sec. 2. Legislative findings; policy. The General Assembly hereby finds, determines and declares: (a) That the health, safety, morals and general welfare of the people of the State are directly dependent upon the continual encouragement…

(20 ILCS 665/3) (from Ch. 127, par. 200-23) Sec. 3. Definitions. The following words and terms, whenever used or referred to in this Act, shall have the following meanings, except where the context may otherwise require: (a) "Department" means the Department of Commerce and Econo…

(20 ILCS 665/4) (from Ch. 127, par. 200-24) Sec. 4. Powers. The Department shall have the following powers: (a) To formulate a program for the promotion of tourism and the film industry in the State of Illinois, including, but not limited to, the promotion of our State Parks and …

(20 ILCS 665/4a) (from Ch. 127, par. 200-24a) Sec. 4a. Funds. (1) All moneys deposited into the Tourism Promotion Fund pursuant to this subsection are allocated to the Department for utilization, as appropriated, in the performance of its powers under Section 4; except that begin…

(20 ILCS 665/4b) Sec. 4b. Coordinating Committee. There is created a Coordinating Committee of State agencies involved with tourism in the State of Illinois. The Committee shall consist of the Director of Commerce and Economic Opportunity as chairman, the Lieutenant Governor, the…

(20 ILCS 665/5) (from Ch. 127, par. 200-25) Sec. 5. Marketing and private sector programs. (a) The Department is authorized to make grants, subject to appropriation, from the Tourism Promotion Fund to counties, municipalities, not-for-profit organizations, and local promotion gro…

(20 ILCS 665/6) (from Ch. 127, par. 200-26) Sec. 6. (Repealed). (Source: P.A. 90-26, eff. 7-1-97. Repealed by P.A. 92-38, eff. 6-28-01.)

(20 ILCS 665/7) (from Ch. 127, par. 200-27) Sec. 7. Notice of approval and grant. Upon approval of each application and the making of a grant by the Department in accordance therewith, the Department shall give notice to the applicant of such approval and grant, and shall direct …

(20 ILCS 665/8) (from Ch. 127, par. 200-28) Sec. 8. Allocation of appropriations. (1) Amounts that are appropriated from the Tourism Promotion Fund to the Department for the purpose of making grants under Sections 5 and 6 of this Act shall be allocated by the Department as follow…

(20 ILCS 665/8a) (from Ch. 127, par. 200-28a) Sec. 8a. Tourism grants and loans. (1) The Department is authorized to make grants and loans, subject to appropriations by the General Assembly for this purpose from the Tourism Promotion Fund, to counties, municipalities, other units…

(20 ILCS 665/8b) Sec. 8b. Municipal convention center and sports facility attraction grants. (a) Until July 1, 2022, the Department is authorized to make grants, subject to appropriation by the General Assembly, from the Tourism Promotion Fund to a unit of local government or con…

(20 ILCS 665/9) (from Ch. 127, par. 200-29) Sec. 9. Administration; rules. The Department is directed to administer the provisions of this Act with such flexibility so as to bring about as effective and economical a tourism program as possible. In order to effectuate and enforce …

(20 ILCS 686/1) Sec. 1. Short title. This Act may be cited as the Reimagining Energy and Vehicles in Illinois Act. (Source: P.A. 102-669, eff. 11-16-21; 102-1125, eff. 2-3-23.)

(20 ILCS 686/10) (Text of Section from P.A. 104-6) Sec. 10. Definitions. As used in this Act: "Advanced battery" means a battery that consists of a battery cell that can be integrated into a module, pack, or system to be used in energy storage applications, including a battery us…

(20 ILCS 686/100) Sec. 100. Investment tax credits for REV Illinois Projects. Subject to the conditions set forth in this Act, a Taxpayer is entitled to an investment tax credit toward taxes imposed pursuant to subsections (a) and (b) of Section 201 of the Illinois Income Tax Act…

(20 ILCS 686/105) Sec. 105. Building materials exemptions for REV Illinois Project sites. (a) The Department may certify a Taxpayer with a REV Illinois Project that meets the qualifications under paragraphs (1), (2), (4), (4.1), or (5) of subsection (c) of Section 20, subject to …

(20 ILCS 686/15) Sec. 15. Powers of the Department. The Department, in addition to those powers granted under the Civil Administrative Code of Illinois, is granted and shall have all the powers necessary or convenient to administer the program under this Act and to carry out and …

(20 ILCS 686/20) Sec. 20. REV Illinois Program; project applications. (a) The Reimagining Energy and Vehicles in Illinois (REV Illinois) Program is hereby established and shall be administered by the Department. The Program will provide financial incentives to any one or more of …

(20 ILCS 686/25) Sec. 25. Review of application. The Department shall determine which projects will benefit the State. In making its recommendation that an applicant's application for credit should or should not be accepted, which shall occur within a reasonable time frame as det…

(20 ILCS 686/30) Sec. 30. Tax credit awards. (a) Subject to the conditions set forth in this Act, a taxpayer is entitled to a credit against the tax imposed pursuant to subsections (a) and (b) of Section 201 of the Illinois Income Tax Act for a taxable year beginning on or after …

(20 ILCS 686/35) Sec. 35. Relocation of jobs in Illinois. A taxpayer is not entitled to claim a credit provided by this Act with respect to any jobs that the Taxpayer relocates from one site in Illinois to another site in Illinois unless the taxpayer has agreed to hire the minimu…

(20 ILCS 686/40) Sec. 40. Amount and duration of the credits; limitation to amount of costs of specified items. The Department shall determine the amount and duration of the REV Illinois Credit awarded under this Act, subject to the limitations set forth in this Act. For a projec…

(20 ILCS 686/45) Sec. 45. Contents of agreements with applicants. (a) The Department shall enter into an agreement with an applicant that is awarded a credit under this Act. The agreement shall include all of the following: (1) A detailed description of the project that is the su…

(20 ILCS 686/5) Sec. 5. Purpose. It is the intent of the General Assembly that Illinois should lead the nation in the production of electric vehicles and other products essential to the growth of the renewable energy sector. The General Assembly finds that, through investments in…

(20 ILCS 686/50) Sec. 50. Diversity report on the taxpayer's workforce, board of directors, and vendors. (a) Each taxpayer with a workforce of 100 or more employees and with an agreement for a REV Illinois project under this Act shall, starting on April 15, 2025, and every year t…

(20 ILCS 686/55) Sec. 55. Sexual harassment policy report. Each taxpayer claiming a credit under this Act shall, prior to April 15 of each taxable year for which the taxpayer claims a credit under this Act, submit to the Department a report detailing that taxpayer's sexual harass…

(20 ILCS 686/60) Sec. 60. Certificate of verification; submission to the Department of Revenue. (a) A taxpayer claiming a credit under this Act shall submit to the Department of Revenue a copy of the Director's certificate of verification under this Act for the taxable year. Howe…

(20 ILCS 686/65) Sec. 65. REV Construction Jobs Credits. (a) Each REV program participant that is engaged in construction work who seeks to apply for a REV Construction Jobs credit shall annually, until construction is completed, submit a report that, at a minimum, describes the …

(20 ILCS 686/70) Sec. 70. Noncompliance; notice; assessment. If the Director determines that a taxpayer who has received a credit under this Act is not complying with the requirements of the agreement or all of the provisions of this Act, the Director shall provide notice to the …

(20 ILCS 686/75) Sec. 75. Annual report. (a) On or before July 1 each year, the Department shall submit a report on the tax credit program under this Act to the Governor and the General Assembly. The report shall include information on the number of agreements that were entered i…

(20 ILCS 686/80) Sec. 80. Evaluation of tax credit program. The Department shall evaluate the tax credit program every three years and issue a report. The evaluation shall include an assessment of the effectiveness of the program in creating new jobs in Illinois and of the revenu…

(20 ILCS 686/85) Sec. 85. Sunset of new agreements. The Department shall not enter into any new Agreements under the provisions of this Act after December 31, 2027. (Source: P.A. 102-669, eff. 11-16-21.)

(20 ILCS 686/90) Sec. 90. Prioritization of project review with the Department of Transportation. A project that would directly assist in the feasibility of locating an electric vehicle manufacturing facility, component parts manufacturing facility, or electric vehicle power supp…