Illinois Compiled Statutes (Tax)
35 ILCS 25/20
Certificate of eligibility for tax credit
Sec. 20. Certificate of eligibility for tax credit.
# (a)
An applicant that has hired a new employee during the incentive period may apply for a certificate of eligibility for the credit with respect to that position on or after the date of hire of the new employee. The date of hire shall be the first day on which the employee begins providing services for basic wage compensation.
# (b)
An applicant may apply for a certificate of eligibility for the credit for more than one new employee on or after the date of hire of each qualifying new employee.
# (c)
After receipt of an application under this Section, 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 by the Department.
# (2)
The maximum amount of the credit the applicant could potentially receive under this 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. (Source: P.A. 96-888, eff. 4-13-10.)
Source: view the official text
Nearby sections (25 sections)
- 17/10-55 · Program terms and conditions
- 17/10-80 · (Amendatory provisions; text omitted)
- 20/35-1 · Short title
- 20/35-5 · Tax Shelter Voluntary Compliance Program
- 20/35-10 · "Tax avoidance transaction" defined
- 20/35-15 · Use of evidence of participation in the program
- 20/35-90 · (Amendatory provisions; text omitted)
- 20/99-99 · Effective date
- 25/1 · Short title
- 25/5 · Findings and purpose
- 25/10 · Definitions
- 25/15 · Powers of the Department
- 25/20 · Certificate of eligibility for tax credit
- 25/25 · Tax credit
- 25/30 · Maximum amount of credits allowed
- 25/35 · Application for award of tax credit; tax credit certificate
- 25/40 · Submission of tax credit certificate to Department of Revenue
- 25/45 · Noncompliance with Act
- 25/50 · Rules
- 25/90 · (Amendatory provisions; text omitted)
- 25/999 · Effective date
- 105/1 · This Act shall be known and may be cited as the "Use Tax Act"
- 105/1.05 · Legislative intent; leases
- 105/1a · A person who is engaged in the business of leasing or renting…
- 105/2 · Definitions