Illinois Administrative Code
Title 14 - COMMERCE
Part 520 - ENTERPRISE ZONE AND HIGH IMPACT BUSINESS PROGRAMS
Subpart L - JOBS TAX CREDIT
Section 520.1230 - Application Requirements
Current through Register Vol. 47, No. 38, September 22, 2023
a) To qualify for a High Impact Business construction jobs credit or an Enterprise Zone construction jobs credit under the Act, an applicant must adhere to the requirements established by the Department. The Department will provide interested applicants with information upon request. Submittal of a tax credit claimant application does not commit the Department to award a tax credit or to pay any costs incurred by the applicant in the preparation of an application. Applications are valid only for the calendar year quarter in which they are submitted to the Department.
b) An application shall be submitted to the Department on a standard application form provided by the Department. An application shall, at a minimum, request the following:
c) The applicant is responsible for the accuracy of all data, information, and documentation submitted to the Department.
d) Any materials or data made available or received by any agent or employee of the Department from an applicant or a recipient of a tax credit under Section 201 of the Illinois Income Tax Act as amended by P.A. 101-009 shall not be disclosed, providing the contained information is exempt from disclosure under Section 7 of the Freedom of Information Act [5 ILCS 140/7 ].
Added at 46 Ill. Reg. 1817, effective 1/11/2022