Illinois Administrative Code
Title 14 - COMMERCE
Part 529 - SMALL BUSINESS JOB CREATION TAX CREDIT ACT
Section 529.90 - Applicant Responsibilities
Current through Register Vol. 47, No. 25, June 23, 2023
Each applicant who the Department determines qualifies for a credit agrees to the requisites of the Act. Requirements that the applicant must comply with include, but are not limited to, the following:
a) A requirement that the applicant retain any new employee for the 12-month period after a new employee has been hired. The applicant shall also provide the following:
b) A requirement that the Department is authorized to verify with the appropriate State agencies information required to be reported by the applicant.
c) A requirement that the applicant shall provide notification to the Department not more than 30 days after the job creation is no longer being or will be achieved or maintained as set forth in the terms and conditions of the Act.
d) Any other provisions that the Department determines are necessary to comply with the Act and other applicable State laws and administrative rules.