Ill. Admin. Code tit. 59, § 130.90 - Tax Credit Certificate

a) The Department shall award the tax credit by issuance of a certificate of tax credit to the qualified employer. [35 ILCS 50/3-15(a)]

b) The certificate will include the following:

1) The name, taxpayer identification number, and address of the qualified employer;

2) The date on which the certificate is issued;

3) The number of eligible individuals employed and the total number of hours worked by eligible individuals;

4) The credit amount; and

5) Any other information the Department determines to be appropriate.

c) The qualified employer will present the certificate of tax credit to the Department of Revenue by attaching the certificate to its tax return, as a credit against the qualified employer's income tax liability in accordance with the Illinois Income Tax Act. [35 ILCS 50/3-15(a)]

d) The Department shall maintain an electronic listing of the certificates issued by which the Department of Revenue may verify tax credit certificates issued. [35 ILCS 50/3-15(a)]

Notes

Ill. Admin. Code tit. 59, § 130.90

Adopted at 48 Ill. Reg. 903, effective 12/29/2023.