Illinois Administrative Code
Title 14 - COMMERCE
Part 529 - SMALL BUSINESS JOB CREATION TAX CREDIT ACT
Section 529.60 - Application Review
Universal Citation: 14 IL Admin Code ยง 529.60
Current through Register Vol. 47, No. 25, June 23, 2023
a) The Department shall accept applications during the incentive period and via the
procedures established by the Department.
b) After receipt of an application, the Department shall issue a certificate of eligibility to the applicant stating:
1) The date and time
on which the application was received by the Department and an identifying number assigned to the
applicant.
2) The maximum amount of the credit the applicant
could potentially receive under the Act with respect to the new employees listed on the
application.
3) The maximum amount of the credit potentially
allowable on certificates of eligibility issued for applications received prior to the application for which
the certificate of eligibility is issued.
c) The Department is not responsible for any errors or delays in providing an application denial/approval caused by errors in any of the application information provided by the applicant or by any technical problems beyond the Department's control.
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