TITLE 14: COMMERCE
SUBTITLE C: ECONOMIC DEVELOPMENT
CHAPTER I: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
PART 529 SMALL BUSINESS JOB CREATION TAX CREDIT ACT
SECTION 529.30 MAXIMUM AMOUNT OF AVAILABLE CREDITS


 

Section 529.30  Maximum Amount of Available Credits

 

The Department shall limit the monetary amount of credits awarded under the Act to no more than $50,000,000.  If applications for a greater amount are received, credits shall be allowed on a first-come, first-served basis, based on the date on which each properly completed application for a certificate of eligibility is received by the Department.  If more than one certificate of eligibility is received on the same day, the credits will be awarded based on the time of submission for that particular day.  [35 ILCS 25/30]