Ill. Admin. Code tit. 14, § 520.1270
Non-Applicant Reporting Requirements
Effective Jan 11, 202246 Ill. Reg. 1817AUTHORITY: Implementing the Illinois Enterprise Zone Act [20 ILCS 655]; Section 201(f), (g) and (h) of the Illinois Income Tax Act [35 ILCS 5/201(f), (g) and (h)]; Sections 1d-1f, 1i-1j and 1o of the Retailers' Occupation Tax Act [35 ILCS 120/1d-1f, 1i-1j, and 1o]; and Sections 9-221, 9-222, and 9-222.1 of the Public Utilities Act [220 ILCS 5/9-221, 9-222 and 9-222.1]; and authorized by Section 605-95 of the Civil Administrative Code of Illinois [20 ILCS 605/605-95].DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
- a) For an Enterprise Zone construction jobs project, the designated zone organization shall annually submit to the Department a statement on the program and financial status of any approved project. The designated zone organization shall also submit to the Department an audited financial statement regarding the project.
b) The Department shall annually report and certify to the Department of Revenue:
- 1) The identity of taxpayers that are eligible for a High Impact Business construction jobs credit or an Enterprise Zone construction jobs credit; and
- 2) The amount of High Impact Business construction jobs credits and Enterprise Zone construction credits that are claimed pursuant to IITA Section 201.
(Source: Added at 46 Ill. Reg. 1817, effective January 11, 2022)