Ill. Admin. Code tit. 14, pt. 120

Manufacturing Illinois Chips for Real Opportunity (Micro) Act

AUTHORITY: Implementing and authorized by the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act [35 ILCS 45/110-15] and Section 605-55 of the Department of Commerce and Economic Opportunity Law [20 ILCS 605]. SOURCE: Adopted at 48 Ill. Reg. 8505, effective May 31, 2024.DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY

120.10Purpose 120.20Definitions 120.30Eligibility Determination 120.40Form of Application 120.50Application Review 120.60Application Denial/Approval 120.70Tax Credit Award 120.80Determination of Amount and Term of the Credit 120.90Tax Credit Agreement 120.100Certification of Verification 120.110Noncompliance with the Agreement 120.120Recapture and Reallocation of Recaptured Amounts 120.130Eligibility 120.140Form of Application 120.150Application Approval Process