Illinois Administrative Code
Title 14 - COMMERCE
Part 520 - ENTERPRISE ZONE AND HIGH IMPACT BUSINESS PROGRAMS
Subpart I - UTILITY TAX EXEMPTION
Section 520.920 - Form of Application
Current through Register Vol. 47, No. 38, September 22, 2023
An application shall be submitted on the standard application form provided by the Department. An application shall include:
a) Investment Information. A summary of the eligible investment, and a statement of when the eligible investment in qualified property was or will be placed in service.
b) Job Information
c) Audit. An examination by public accountants certified by the State of Illinois, in accordance with generally accepted accounting practices, containing the unqualified opinion of such public accountants that the minimum eligible investment has been made and that minimum jobs have been created or retained.
d) Certification. A signed and dated statement indicating that the data and information in the application is correct, that the Department will be provided access to any material, documentation, or other data required to verify application information, and a statement that the number of jobs created or retained shall be maintained for the term of exemption, otherwise the Department will be notified and the exemption terminated.
Amended at 27 Ill. Reg. 3282, effective February 14, 2003