59 Ill. Adm. Code 130.90
Tax Credit Certificate
Section 130.90Â 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)Â Â Â Â Â Â Â Â The
certificate will include the following:
1)Â Â Â Â Â Â Â Â The
name, taxpayer identification number, and address of the qualified employer;
2)Â Â Â Â Â Â Â Â The
date on which the certificate is issued;
3)Â Â Â Â Â Â Â Â The
number of eligible individuals employed and the total number of hours worked by
eligible individuals;
4)Â Â Â Â Â Â Â Â The
credit amount; and
5)Â Â Â Â Â Â Â Â Any
other information the Department determines to be appropriate.
c)Â Â Â Â Â Â Â Â 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)]