Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(35 ILCS 10/5-20)
Application for a project to create and retain new jobs.
(a) Any Taxpayer proposing a project located or planned to be located in
Illinois may request consideration
for designation of its project, by formal written letter of request or by
formal application to the Department,
in which the Applicant states its intent to make at least a specified level of
intends to hire or retain a
specified number of full-time employees at a designated location in Illinois.
circumstances require, the
Department may require a formal application from an Applicant and a formal
letter of request for
(b) In order to qualify for Credits under this Act, an Applicant's project
(1) if the Applicant has more than 100 employees,
involve an investment of at least $2,500,000 in capital improvements to be placed in service within the State as a direct result of the project; if the Applicant has 100 or fewer employees, then there is no capital investment requirement;
(1.5) if the Applicant has more than 100 employees,
employ a number of new employees in the State equal to the lesser of (A) 10% of the number of full-time employees employed by the applicant world-wide on the date the application is filed with the Department or (B) 50 New Employees; and, if the Applicant has 100 or fewer employees, employ a number of new employees in the State equal to the lesser of (A) 5% of the number of full-time employees employed by the applicant world-wide on the date the application is filed with the Department or (B) 50 New Employees;
(4) include an annual sexual harassment policy
report as provided under Section 5-58.
(c) After receipt of an application, the Department may enter into an
Agreement with the Applicant if the
application is accepted in accordance with Section 5-25.
(Source: P.A. 100-511, eff. 9-18-17; 100-698, eff. 1-1-19; 101-81, eff. 7-12-19.)