35 ILCS 25/20

Current through Public Act 103-1056
Section 35 ILCS 25/20 - 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 eligibility 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.
(b) An applicant may apply for a certificate of eligibility for the credit for more than one new employee on or after the date of hire of each qualifying new employee.
(c) After receipt of an application under this Section, the Department shall issue a certificate of eligibility to the applicant, stating:
(1) The date and time on which the application was received by the Department and an identifying number assigned to the applicant by the Department.
(2) The maximum amount of the credit the applicant could potentially receive under this Act with respect to the new employees listed on the application.
(3) The maximum amount of the credit potentially allowable on certificates of eligibility issued for applications received prior to the application for which the certificate of eligibility is issued.

35 ILCS 25/20

Added by P.A. 096-0888,§ 20, eff. 4/13/2010.