14 Ill. Adm. Code 520.620
Eligibility Criteria
Section 520
Section 520.620 Eligibility
Criteria
A business qualifies for
designation by the Department as a High Impact Business if the business:
a) Is located in Illinois and is not located in an Enterprise
Zone; and
b)
The
business intends to do one or more of the following:
1) Minimum Eligible Investment. Intends to make a minimum
eligible investment of $12 million that will be placed in service in qualified
property in Illinois and intends to create 500 full-time equivalent jobs at a
designated location in Illinois; or intends to make a minimum eligible
investment of $30 million that will be placed in service in qualified property
in Illinois and intends to retain 1,500 full-time equivalent jobs at a
designated location in Illinois.
The business must certify in writing that
the investments would not be placed in service in qualified property and the
job creation or job retention would not occur without the tax credits and
exemptions set forth in Section 5.5(b) of the Act. The terms "placed in service"
and "qualified property" have the same meanings as described in
Section 201(h) of the Illinois Income Tax Act
[20 ILCS 655/5.5(a)(3)(A)];
or
2) New Electric Generating Facility. Intends to establish a new
electric generating facility at a designated location in Illinois.
Such
facility shall be designed to provide baseload electric generation and shall
operate on a continuous basis throughout the year; and shall have an aggregate
rated generating capacity of at least 1,000 megawatts for all new units at one
site if it uses natural gas as its primary fuel and foundation construction of
the facility is commenced on or before December 31, 2004, or shall have an
aggregate rated generating capacity of at least 400 megawatts for all new units
at one site if it uses coal or gases derived from coal as its primary fuel and
shall support the creation of at least 150 new Illinois coal mining jobs. The
business must certify in writing that the investments necessary to establish a
new electric generating facility would not be placed in service and the job
creation in the case of a coal-fueled plant would not occur without the tax
credits and exemptions set forth in Section 5.5(b-5) of the Act
[20 ILCS
655/5.5(a)(3)(B)]; or
3) New Gasification Facility.
Intends to establish a new
gasification facility at a designated location in Illinois
.
A new
gasification facility does not include a pilot project located within Jefferson
County or within a county adjacent to Jefferson County for synthetic natural
gas from coal
[20 ILCS 655/5.5(a)(3)(B-5)]
;
or
4) Production Operations at a New Coal Mine.
Intends to
establish production operations at a new coal mine, re-establish production
operations at a closed coal mine, or expand production at an existing coal mine
at a designated location in Illinois not sooner than July 1, 2001; provided
that the production operations result in the creation of 150 new Illinois coal
mining jobs as described in Section 5.5(a)(3)(B) of the Act; and further
provided that the coal extracted from the mine is utilized as the predominant
source for a new electric generating facility. The business must certify in
writing that the investments necessary to establish a new, expanded, or
reopened coal mine would not be placed in service and the job creation would
not occur without the tax credits and exemptions set forth in Section 5.5(b-5)
of the Act. The term "placed in service" has the same meaning as
described in Section 201(h) of the Illinois Income Tax Act
[20 ILCS
655/5.5(a)(3)(C)]; or
5) New or Upgraded Transmission Facilities.
Intends to
construct new transmission facilities or upgrade existing transmission
facilities, at designated locations in Illinois, for which construction
commenced not sooner than July 1, 2001. The business must certify in writing
that the investments necessary to construct new transmission facilities or
upgrade existing transmission facilities would not be placed in service without
the tax credits and exemptions set forth in Section 5.5(b-5) of the Act
[20
ILCS 655/5.5(a)(3)(D)]; or
6) New Wind Power Facility.
Intends to establish a new wind
power facility at a designated location in Illinois.
[20 ILCS
655/5.5(a)(3)(E)]
The construction of a new wind power facility by a
business designated as a High Impact Business under Section 5.5(a)(3)(E) of the
Act is a "public works" as defined by Section 2 of the Prevailing
Wage Act [820 ILCS 130/2]; or
7) Qualifying Fertilizer Plant
A)
The
business commits to:
1)
make
a minimum investment of $500,000,000, which will be placed in service in a
qualified property;
2)
create
125 full-time equivalent jobs at a designated location in Illinois;
3)
establish
a fertilizer plant at a designated location in Illinois that complies with the
set-back standards described in Table 1: Initial Isolation and Protective
Action Distances in the 2012 Emergency Response Guidebook published by the
United States Department of Transportation
(USDOT; 1200 New Jersey Avenue,
SE, Washington DC 20590)
;
4)
pay
a prevailing wage for employees at that location who are engaged in
construction activities; and
5)
secure
an appropriate level of general liability insurance to protect against
catastrophic failure of the fertilizer plant or any of its constituent systems.
B)
In
addition, the business must agree to enter into a construction project labor
agreement including provisions establishing wages, benefits, and other
compensation for employees performing work under the project labor agreement at
that location.
[20 ILCS 655/5.5(a)(3)(F)]
C) This
subsection (b)(7) applies only to businesses that submit an application to the
Department within 60 days after July 25, 2013.