AUTHORITY: Implementing Section 605-1115, and authorized by Sections 605-95 and 605-55 of the Department of Commerce and Economic Opportunity Law [20 ILCS 605].DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
a) Upon completion of a fully executed MOU between the tenant and the Department, the Department will issue a designation certificate certifying the tenant as eligible to receive the exemptions listed in Section (b) of the Act.
b) Upon designation by the Department under this Section, the Department shall notify the Department of Revenue of the designation, and the Department of Revenue shall issue and administer the exemptions listed in Section (b) of the Act.