Illinois Administrative Code
Title 14 - COMMERCE
Part 520 - ENTERPRISE ZONE AND HIGH IMPACT BUSINESS PROGRAMS
Subpart L - JOBS TAX CREDIT
Section 520.1220 - Eligibility

Universal Citation: 14 IL Admin Code ยง 520.1220

Current through Register Vol. 48, No. 12, March 22, 2024

a) Enterprise Zones

A business entity in a certified Enterprise Zone shall be eligible for a jobs tax credit providing the entity has made a minimum eligible capital investment of $10,000,000 in an Enterprise Zone construction jobs project. The Enterprise Zone construction jobs credit project must be undertaken by the business entity in the course of completing a project that complies with the criteria contained in Section 4 of the Illinois Enterprise Zone Act and is undertaken in a certified Enterprise Zone.

b) High Impact Business

A business entity that has been certified as a High Impact Business and is engaged and executing a High Impact Business construction jobs project is eligible to receive a High Impact Business jobs credit for employees employed in the completion of that construction project.

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