Chapter 35 — REVENUE

(35 ILCS 17/10-5) Sec. 10-5. Purpose. The Illinois economy depends heavily on the commercial for-profit live theater industry and the accredited theater productions that are presented in Illinois. As a result of intense competition from other prominent theater cities in the Unite…

(35 ILCS 17/10-50) Sec. 10-50. Live theater tax credit award program evaluation and reports. (a) The Department's live theater tax credit award evaluation must include: (i) an assessment of the effectiveness of the program in creating and retaining new jobs in Illinois; (ii) an a…

(35 ILCS 17/10-55) Sec. 10-55. Program terms and conditions. Any documentary materials or data made available or received from an applicant by any agent or employee of the Department are confidential and are not public records to the extent that the materials or data consist of c…

(35 ILCS 17/10-80) Sec. 10-80. (Amendatory provisions; text omitted). (Source: P.A. 97-636, eff. 6-1-12; text omitted.)

(35 ILCS 18/40-1) Sec. 40-1. Short title. This Article may be cited as the Local Journalism Sustainability Act. References in this Article to "this Act" mean this Article. (Source: P.A. 103-592, eff. 6-7-24; 104-417, eff. 8-15-25.)

(35 ILCS 18/40-10) Sec. 40-10. Credit award. For reporting periods that begin on or after January 1, 2025 and before January 1, 2030, employers, including employers that maintain tax status under Section 501(c)(3) of the federal Internal Revenue Code, that are local news organiza…

(35 ILCS 18/40-15) Sec. 40-15. Application for local journalism certificate. (a) In order to qualify for a tax credit award under this Act, an applicant must apply with the Department, in the form and manner required by the Department, for each award cycle for which a credit unde…

(35 ILCS 18/40-20) Sec. 40-20. Powers of the Department. The Department and the Department of Revenue may, in consultation, adopt any rules necessary to administer the provisions of this Act. (Source: P.A. 103-592, eff. 6-7-24.)

(35 ILCS 18/40-25) Sec. 40-25. Program terms and conditions. Any documentary materials or data made available or received from an applicant by any agent or employee of the Department are confidential and are not public records to the extent that the materials or data consist of c…

(35 ILCS 18/40-5) Sec. 40-5. Definitions. As used in this Act: "Award cycle" means the 4 reporting periods for which the employer is awarded a credit under Section 40-10. "Comparable rate" has the meaning given to that term by the Federal Communications Commission in its campaign…

(35 ILCS 18/40-900) Sec. 40-900. (Amendatory provisions; text omitted). (Source: P.A. 103-592, eff. 6-7-24; text omitted.)

(35 ILCS 18/999-95) Sec. 999-95. No acceleration or delay. Where this Act makes changes in a statute that is represented in this Act by text that is not yet or no longer in effect (for example, a Section represented by multiple versions), the use of that text does not accelerate …

(35 ILCS 18/999-97) Sec. 999-97. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 103-592, eff. 6-7-24.)

(35 ILCS 18/999-99) Sec. 999-99. Effective date. This Act takes effect upon becoming law, except that Article 65 takes effect July 1, 2024, Articles 25, 75, 80, 93, 125, 135, and 140 take effect January 1, 2025, and Article 150 takes effect July 1, 2026. (Source: P.A. 103-592, ef…

(35 ILCS 19/50-1) Sec. 50-1. Short title. This Article may be cited as the Music and Musicians Tax Credit and Jobs Act. References in this Article to "this Act" mean this Article. (Source: P.A. 103-592, eff. 6-7-24; 104-417, eff. 8-15-25.)

(35 ILCS 19/50-10) Sec. 50-10. Definitions. As used in this Act: "Department" means the Department of Commerce and Economic Opportunity. "Expenditure in the State" means (i) an expenditure to acquire, from a source within the State, property that is subject to tax under the Use T…

(35 ILCS 19/50-15) Sec. 50-15. Powers of the Department. The Department, in addition to those powers granted under the Civil Administrative Code of Illinois, is granted and has all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this …

(35 ILCS 19/50-20) Sec. 50-20. Application for certification of qualified music company. Any applicant who operates or is proposing to operate a business in the State may apply to the Department to have the business certified by the Department as a qualified music company if the …

(35 ILCS 19/50-25) Sec. 50-25. Review of applications for qualified music company certificates. (a) The Department shall issue a qualified music company certificate to an applicant if it finds that the following conditions exist: (1) the applicant is engaged directly or indirectl…

(35 ILCS 19/50-30) Sec. 50-30. Training programs for skills in critical demand. To accomplish the purposes of this Act, the Department may use the training programs provided under Section 605-800 of the Department of Commerce and Economic Opportunity Law of the Civil Administrati…

(35 ILCS 19/50-35) Sec. 50-35. Issuance of tax credit award certificate. (a) In order to qualify for a tax credit award under this Act, an applicant must file an application for each qualified music company at each of the applicant's qualified facilities, on forms prescribed by t…

(35 ILCS 19/50-40) Sec. 50-40. Amount and payment of the tax credit award. (a) For taxable years beginning on or after January 1, 2025, the Department shall determine the amount of the tax award under this Act. The award may not exceed 10% of the Illinois labor expenditures for t…

(35 ILCS 19/50-45) Sec. 50-45. Qualified music program evaluation and reports. (a) (Blank). The Department may make a recommendation to extend, modify, or not extend the program based on the evaluation. (b) (Blank). (c) At the end of each fiscal year, the Department shall submit …

(35 ILCS 19/50-5) Sec. 50-5. Purpose. The State's economy depends heavily on music, professional musicians, music teachers, and educators. Illinois is a cultural crown jewel of the United States. Illinois and Chicago boast a robust history and community of creative artists, write…

(35 ILCS 19/50-50) Sec. 50-50. Program terms and conditions. Any documentary materials or data made available or received from an applicant by any agent or employee of the Department are confidential and are not public records to the extent that the materials or data consist of c…

(35 ILCS 19/999-95) Sec. 999-95. No acceleration or delay. Where this Act makes changes in a statute that is represented in this Act by text that is not yet or no longer in effect (for example, a Section represented by multiple versions), the use of that text does not accelerate …

(35 ILCS 19/999-97) Sec. 999-97. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 103-592, eff. 6-7-24.)

(35 ILCS 19/999-99) Sec. 999-99. Effective date. This Act takes effect upon becoming law, except that Article 65 takes effect July 1, 2024, Articles 25, 75, 80, 93, 125, 135, and 140 take effect January 1, 2025, and Article 150 takes effect July 1, 2026. (Source: P.A. 103-592, ef…

(35 ILCS 20/35-1) Sec. 35-1. Short title. This Article may be cited as the Tax Shelter Voluntary Compliance Law, and references in this Article to "this Law" mean this Article. (Source: P.A. 93-840, eff. 7-30-04.)

(35 ILCS 20/35-10) Sec. 35-10. "Tax avoidance transaction" defined. For purposes of this Law, the term "tax avoidance transaction" means a plan or arrangement devised for the principal purpose of avoiding federal income tax. Tax avoidance transactions include, but are not limited…

(35 ILCS 20/35-15) Sec. 35-15. Use of evidence of participation in the program. The fact of a taxpayer's participation in the tax shelter voluntary compliance program shall not be considered evidence that the taxpayer in fact engaged in a tax avoidance transaction. (Source: P.A. …

(35 ILCS 20/35-5) Sec. 35-5. Tax Shelter Voluntary Compliance Program. (a) In general. The Department of Revenue shall establish and administer a tax shelter voluntary compliance program as provided in this Section for eligible taxpayers subject to tax under the Illinois Income T…

(35 ILCS 20/35-90) Sec. 35-90. (Amendatory provisions; text omitted). (Source: P.A. 93-840, eff. 7-30-04; text omitted.)

(35 ILCS 20/99-99) Sec. 99-99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 93-840, eff. 7-30-04.)

(35 ILCS 25/1) Sec. 1. Short title. This Act may be cited as the Small Business Job Creation Tax Credit Act. (Source: P.A. 96-888, eff. 4-13-10.)

(35 ILCS 25/10) Sec. 10. Definitions. In this Act: "Applicant" means a person that is operating a business located within the State of Illinois that is engaged in interstate or intrastate commerce and either: (1) has no more than 50 full-time employees, without regard to the loca…

(35 ILCS 25/15) 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 carry out and effectuate the purposes and provisions of this…

(35 ILCS 25/20) Sec. 20. Certificate of eligibility for tax credit. (a) An applicant that has hired a new employee during the incentive period may apply for a certificate of eligibility for the credit with respect to that position on or after the date of hire of the new employee.…

(35 ILCS 25/25) Sec. 25. Tax credit. (a) Subject to the conditions set forth in this Act, an applicant is entitled to a credit against payment of taxes withheld under Section 704A of the Illinois Income Tax Act: (1) for new employees who participated as worker-trainees in the Put…

(35 ILCS 25/30) Sec. 30. Maximum amount of credits allowed. The Department shall limit the monetary amount of credits awarded under this 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…

(35 ILCS 25/35) Sec. 35. Application for award of tax credit; tax credit certificate. (a) On or after the conclusion of the 12-month period (or 6-month period, for purposes of subparagraph (A) of item (1) of subsection (a) of Section 25) after a new employee has been hired, an ap…

(35 ILCS 25/40) Sec. 40. Submission of tax credit certificate to Department of Revenue. An applicant claiming a credit under this Act shall submit to the Department of Revenue a copy of each certificate issued under Section 35 of this Act with the first return for which the credi…

(35 ILCS 25/45) Sec. 45. Noncompliance with Act. If the Director determines that an applicant who has received a credit under this Act is not complying with the requirements of the provisions of this Act, the Director shall provide notice to the applicant of the alleged noncompli…

(35 ILCS 25/5) Sec. 5. Findings and purpose. The General Assembly finds that the Illinois economy is mired in one of the worst economic recessions it has ever suffered. Small businesses in particular have been hit hard by the economy, resulting in levels of high unemployment thro…

(35 ILCS 25/50) Sec. 50. Rules. The Department may adopt rules necessary to implement this Act. The rules may provide for recipients of credits under this Act to be charged fees to cover administrative costs of the tax credit program. (Source: P.A. 96-888, eff. 4-13-10.)

(35 ILCS 25/90) Sec. 90. (Amendatory provisions; text omitted). (Source: P.A. 96-888, eff. 4-13-10; text omitted.)

(35 ILCS 25/999) Sec. 999. Effective date. This Act takes effect upon becoming law. (Source: P.A. 96-888, eff. 4-13-10.)

(35 ILCS 30/1) Sec. 1. Short title. This Act may be cited as the Historic Preservation Tax Credit Pilot Program Act. (Source: P.A. 96-933, eff. 6-21-10.)

(35 ILCS 30/15) Sec. 15. Allowable credit. To the extent authorized by Section 25 of this Act, for taxable years beginning on or after January 1, 2010 and ending on or before December 31, 2015, there shall be allowed a tax credit against the tax imposed by subsections (a) and (b)…

(35 ILCS 30/20) Sec. 20. Transfer of credits. Any qualified taxpayer, referred to in this Section as the assignor, may sell, assign, convey, or otherwise transfer tax credits allowed and earned under this Act. The taxpayer acquiring the credits, referred to in this Section as the…