Ill. Admin. Code tit. 14, pt. 531

Angel Investment Credit Program

AUTHORITY: Implementing and authorized by Section 220 of the Illinois Income Tax Act [35 ILCS 5]. SOURCE: Emergency rule adopted at 35 Ill. Reg. 535, effective December 27, 2010; emergency expired May 25, 2011; adopted at 35 Ill. Reg. 8999, effective June 1, 2011; amended at 42 Ill. Reg. 16493, effective August 21, 2018; amended at 48 Ill. Reg. 11949, effective July 29, 2024.DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY

531.10Purpose 531.20Definitions 531.30Tax Credit Directives 531.40Application Requirements 531.50Application Review and Approval 531.55Allocation of Tax Credits 531.60Qualified New Business Registration Guidelines 531.70Tax Credit Certificate 531.80Reporting and Tracking Procedures 531.90Noncompliance