Illinois Administrative Code
Title 14 - COMMERCE
Part 529 - SMALL BUSINESS JOB CREATION TAX CREDIT ACT
Section 529.70 - Application Approval/Denial

a) Applicants shall be notified as to the Department's evaluation of all completed applications. If the Department denies either the application for the certificate of eligibility or the tax credit certificate, it will specify the reasons for the denial.

b) For tax years beginning on or after January 1, 2011, an applicant who has received a certificate of eligibility under the Act and who has sustained the mandatory employment figure is entitled to a tax credit certificate to be used against the taxes imposed under Section 201(a) and (b) of the Illinois Income Tax Act [35 ILCS 5/201(a) and (b) ].