Ill. Admin. Code tit. 14, § 529.40 - Eligibility Determination
a) In
order to qualify for credits under the Act, an applicant must adhere to the
requirements established by the Department. The Department shall require that
any application must be submitted via the Department's web-based application
process.
b) An applicant that has
hired a new employee during the incentive period may apply via the Department's
web-based application process for the credit with respect to that position on
or after the date of hire of the new employee. The date of hire shall be the
first day on which the employee begins providing services for basic wage
compensation.
c) An applicant may
apply for the credit for more than one new employee on or after the date of
hire of each qualifying new employee. [35 ILCS
25/20(b) ]
d) Although an application for a tax credit
certificate may be filed at any time after the conclusion of the 12-month
period after a new employee was hired, an application filed more than 90 days
after the earliest date on which it could have been filed shall not be awarded
any credit if, prior to the date it is filed, the Department has received
applications under this Section for credit totaling more than $50,000,000.
[35
ILCS 25/35(b) ]
Notes
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