Illinois Administrative Code
Title 14 - COMMERCE
Part 529 - SMALL BUSINESS JOB CREATION TAX CREDIT ACT
Section 529.30 - Maximum Amount of Available Credits
Universal Citation: 14 IL Admin Code ยง 529.30
Current through Register Vol. 48, No. 28, July 12, 2024
The Department shall limit the monetary amount of credits awarded under the Act to no more than $50,000,000. If applications for a greater amount are received, credits shall be allowed on a first-come, first-served basis, based on the date on which each properly completed application for a certificate of eligibility is received by the Department. If more than one certificate of eligibility is received on the same day, the credits will be awarded based on the time of submission for that particular day. [35 ILCS 25/30 ]
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