Sec. 528.60 - Approval/Denial of Applications

ยง 528.60. Approval/Denial of Applications

a) The Department reserves the right to make inquiries, to conduct studies in the manner and by the methods it deems necessary, and to review information with respect to the application. The Department also reserves the right to request information from the applicant that is necessary to calculate the amount of the tax credit.

b) The Department reserves the right to reject any application that does not comply with the statutory requirements of the Act and this Part. Upon receipt of an application, the Department shall review the application for completeness and approve or deny it within 60 days after the date of receipt. Applications are subject to final approval by the Director of the Department.

c) Applicants shall be notified in writing as to the Department's evaluation of all completed applications. If the Department denies an application for the credit, it will specify the reasons for denial in writing and allow the applicant 30 days to amend and re-submit its application for further evaluation.

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Amended at 31 Ill. Reg. 2253, effective January 18, 2007

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