Section 520.1270  Non-Applicant Reporting Requirements

a)         For an Enterprise Zone construction jobs project, the designated zone organization shall annually submit to the Department a statement on the program and financial status of any approved project. The designated zone organization shall also submit to the Department an audited financial statement regarding the project.

b)         The Department shall annually report and certify to the Department of Revenue: 

1)         The identity of taxpayers that are eligible for a High Impact Business construction jobs credit or an Enterprise Zone construction jobs credit; and

2)         The amount of High Impact Business construction jobs credits and Enterprise Zone construction credits that are claimed pursuant to IITA Section 201.

(Source:  Added at 46 Ill. Reg. 1817, effective January 11, 2022)