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(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;
(1.6) if the Applicant is a startup taxpayer, the
employees employed by Related Members shall not be attributed to the Applicant for purposes of determining the capital investment or job creation requirements under this subsection (b);
(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. 101-81, eff. 7-12-19; 102-700, eff. 4-19-22.)