Illinois Compiled Statutes 35 Revenue: Article -

• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 1
  Short title. This Act may be cited as the Small Business Job Creation Tax Credit Act. (Source: P.A. 96-888, eff. 4-13-10.)
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 5
  Findings and purpose. The General Assembly finds that the Illinois economy is mired in one of the worst economic recessions it has ever suffered. Small...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 10
  Definitions. In this Act: "Applicant" means a person that is operating a business located within the State of Illinois that is engaged in interstate or...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 15
  Powers of the Department. The Department, in addition to those powers granted under the Civil Administrative Code of Illinois, is granted and shall have all...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 20
  Certificate of eligibility for tax credit. (a) An applicant that has hired a new employee during the incentive period may apply for a certificate of...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 25
  Tax credit. (a) Subject to the conditions set forth in this Act, an applicant is entitled to a credit against payment of taxes withheld under...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 30
  Maximum amount of credits allowed. The Department shall limit the monetary amount of credits awarded under this Act to no more than $50,000,000. If applications...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 35
  Application for award of tax credit; tax credit certificate. (a) On or after the conclusion of the 12-month period (or 6-month period, for purposes of...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 40
  Submission of tax credit certificate to Department of Revenue. An applicant claiming a credit under this Act shall submit to the Department of Revenue a...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 45
  Noncompliance with Act. If the Director determines that an applicant who has received a credit under this Act is not complying with the requirements of...
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 50
  Rules. The Department may adopt rules necessary to implement this Act. The rules may provide for recipients of credits under this Act to be charged...
• Illinois Revenue: Article -
  Amendatory provisions; text omitted
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 90
  (Amendatory provisions; text omitted). (Source: P.A. 96-888, eff. 4-13-10; text omitted.)
• Illinois Small Business Job Creation Tax Credit Act. - 35 ILCS 25, Section 999
  Effective date. This Act takes effect upon becoming law. (Source: P.A. 96-888, eff. 4-13-10.)

Last modified: February 18, 2015