(20 ILCS 1305/10-27)
Sec. 10-27. Information concerning federal tax credits and deductions for hiring qualified employees with disabilities.
(a) The Department shall collect, during the period of July 1, 2009 through June 30, 2010, information regarding all of the following:
(1) The number of employers that have claimed the
Work Opportunity Tax Credit and the amounts claimed during this time frame.
(2) The size of the employer claiming the Work
Opportunity Tax Credit and whether the employer is a small business or a large business.
(b) The Department shall cooperate with the Department of Revenue, the Department of Employment Security, and other appropriate agencies of State government to gather the information required in items (1) and (2) of subsection (a).
(c) For the purposes of this Section:
"Large business" means a business concern, including affiliates, which is not a small business.
"Small business" means a business concern, including affiliates, with fewer than 16 employees or has gross annual sales of less than $3 million.
(d) The Department shall submit a report, annually, to the Governor and the General Assembly concerning its actions under this Section.
(Source: P.A. 96-78, eff. 7-24-09.)
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Last modified: February 18, 2015