14 Ill. Adm. Code 580.50
Application Review
Section 580.50 Application Review
a) Prior
to substantive evaluation of an application, the Department shall screen all
applications to determine that all requirements of the application package, as
described in Section 580.40, have been addressed. Applicants will be notified
of deficiencies in applications and given an opportunity to correct those
deficiencies through submission of additional documentation.
b) In
evaluating applications, the Department shall evaluate and confirm if all of
the criteria in subsections (b)(1) through (4) are met. If the applicant
demonstrates that all criteria are met, the Department will notify the
applicant by electronic mail that the application was accepted. If the
applicant cannot demonstrate that all four conditions exist, the application
should be denied and notification to the applicant provided in accordance with
Section 580.60.
1)
the
applicant intends to make the required investment in the State and intends to
hire the required number of full-time employees;
2)
the
applicant's project is economically sound and will benefit the people of the
State by increasing opportunities for employment and strengthen the economy of
the State;
3)
awarding
the credit will result in an overall positive fiscal impact to the State, as
certified by the Department using the best available data; and
4)
the
credit is not prohibited under this Act.
[20 ILCS 686/25]
c)
A
taxpayer may not enter into more than one agreement
under this Act
with
respect to a single address or location for the same period of time. Also, a
taxpayer may not enter into an agreement
under this Act
with respect to
a single address or location for the same period of time for which the taxpayer
currently holds an active agreement under the Economic Development for a
Growing Economy Tax Credit Act. This provision does not preclude the applicant
from entering into an additional agreement after the expiration or voluntary
termination of an earlier agreement under this Act or under the Economic
Development for a Growing Economy Tax Credit Act to the extent the taxpayer's
application otherwise satisfies the terms and conditions of the Act and is
approved by the Department.
(20 ILCS 686/20(h))