Illinois Compiled Statutes (Tax)
35 ILCS 16/40
Amount and duration of the credit
Official textilga.gov
Sec. 40. Amount and duration of the credit. The amount of the credit awarded under this Act is based on the amount of the Illinois labor expenditure and Illinois production spending approved by the Department for the production as set forth under Section 10. The duration of the credit may not exceed one taxable year. (Source: P.A. 95-720, eff. 5-27-08 .)
Source: view the official text
Nearby sections (25 sections)
- 10/5-110 · (Amendatory provisions; text omitted)
- 10/5-115 · (Amendatory provisions; text omitted)
- 10/5-120 · (Amendatory provisions; text omitted)
- 10/999-1 · Effective date
- 16/1 · Short title
- 16/5 · Purpose
- 16/10 · Definitions
- 16/15 · Powers of the Department
- 16/20 · Tax credit awards
- 16/25 · Application for certification of accredited production
- 16/30 · Review of application for accredited production certificate
- 16/35 · Issuance of Tax Credit Certificate
- 16/40 · Amount and duration of the credit
- 16/42 · Sunset of credits
- 16/43 · Training programs for skills in critical demand
- 16/44 · Accredited animated productions
- 16/45 · Evaluation of tax credit program; reports to the General…
- 16/46 · Illinois Production Workforce Development Fund
- 16/50 · Program terms and conditions
- 16/90 · Continuation of prior law
- 16/95 · (Repealed)
- 16/905 · (Amendatory provisions; text omitted)
- 16/999 · Effective date
- 17/10-1 · Short title
- 17/10-5 · Purpose