Illinois Compiled Statutes 35 ILCS 10 Economic Development for a Growing Economy Tax Credit Act. Section 5-40

    (35 ILCS 10/5-40)

    Sec. 5-40. Determination of Amount of the Credit. In determining the amount of the Credit that should be awarded, the Committee shall provide guidance on, and the Department shall take into consideration, the following factors:

        (1) The number and location of jobs created and

    retained in relation to the economy of the county where the projected investment is to occur.

        (2) The potential impact on the economy of Illinois.

        (3) The magnitude of the cost differential between

    Illinois and the competing state.

        (4) The incremental payroll attributable to the

    project.

        (5) The capital investment attributable to the

    project.

        (6) The amount of the average wage and benefits paid

    by the Applicant in relation to the wage and benefits of the area of the project.

        (7) The costs to Illinois and the affected political

    subdivisions with respect to the project.

        (8) The financial assistance that is otherwise

    provided by Illinois and the affected political subdivisions.

(Source: P.A. 91-476, eff. 8-11-99.)

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Last modified: February 18, 2015