Illinois Administrative Code
Title 14 - COMMERCE
Part 520 - ENTERPRISE ZONE AND HIGH IMPACT BUSINESS PROGRAMS
Subpart J - MACHINERY AND EQUIPMENT/POLLUTION CONTROL FACILITIES SALES TAX EXEMPTION
Section 520.1010 - Eligibility Criteria
Universal Citation: 14 IL Admin Code § 520.1010
Current through Register Vol. 49, No. 13, March 28, 2025
a) Enterprise Zone
1) Minimum Eligible
Investment. Eligibility for the tax exemption is contingent on the business
making:
A) a minimum eligible investment of
$5 million in an Enterprise Zone that causes the creation of a minimum of 200
full-time equivalent jobs in Illinois, or
B) a minimum eligible investment of $40
million in an Enterprise Zone that causes the retention of a minimum of 2,000
full-time jobs in Illinois; or
C) a
minimum eligible investment of $40 million that causes the retention of at
least 90% of the jobs in place on the date on which the exemption is granted
for the duration of the exemption.
2) More Than One Facility. Businesses owning
and operating more than one facility located in Illinois Enterprise Zones shall
qualify for this exemption by combining their investments and jobs created or
retained if the business can demonstrate that the manufacturing processes at
each location are interrelated. The Department considers the manufacturing
processes to be interrelated if the facilities act as one functional unit in
the manufacture of the final product. Proof of such interrelationship shall
include, but is not limited to, internal memoranda, flow charts, narrative
descriptions, organization charts, annual reports, or any other written
documentation that demonstrates that the manufacturing processes are
interrelated. The majority of jobs shall be located in one or more Illinois
Enterprise Zones.
b) High Impact Business
Minimum. In the case of a designated High Impact Business, eligibility is contingent on the business making a minimum eligible investment of $12 million placed in service in qualified property at a designated location in Illinois, which causes the creation of 500 full-time equivalent jobs at the designated location; or making a minimum eligible investment of $30 million placed in service in qualified property in a designated location in Illinois, which causes the retention of 1,500 full-time equivalent jobs at a designated location in Illinois.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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