Illinois Administrative Code
Title 14 - COMMERCE
Part 120 - MANUFACTURING ILLINOIS CHIPS FOR REAL OPPORTUNITY (MICRO) ACT
Subpart B - TAX CREDITS
Section 120.60 - Application Denial/Approval

Universal Citation: 14 IL Admin Code ยง 120.60

Current through Register Vol. 48, No. 38, September 20, 2024

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 applicant 30 days to amend and resubmit its application for evaluation. If the applicant disagrees with the Department's decision it may seek relief through the process afforded in the Department's Administrative Hearing Rules set forth at 56 Ill. Adm. Code 2605.

b) For applications accepted by the Department, the Department will send a notification by e-mail to the applicant. The Department will proceed to negotiate a formal agreement with the applicants determined to be eligible for award of a credit.

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