Illinois Administrative Code › Title 14 - COMMERCE › Part 120 - MANUFACTURING ILLINOIS CHIPS FOR REAL OPPORTUNITY (MICRO) ACT › Subpart B - TAX CREDITS › Section 120.40 - Form of Application

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Applications will be accepted at any time during the year. An application
				should be submitted on the standard application form provided by the Department
				and posted to the Department's website. (
https://dceo.illinois.gov/content/dam/soi/en/web/dceo/businesshelp/micro/micro-application.pdf
)
				Submittal of an application does not commit the Department to award assistance
				or to pay any costs incurred by the applicant in the preparation of an
				application.
b)
Any
				taxpayer planning a project to be located in Illinois may request consideration
				for designation of its project as a MICRO project, by application to the
				Department, in which the applicant states its intent to make at least a
				specified level of investment and intends to hire a specified number of
				full-time employees at a designated location in Illinois.
[35 ILCS
				45/110-20 ]
c) Written applications will be required and
				must be submitted on the standard application form provided by the Department.
				Applications shall be submitted to the designated Department email address
				specified on the Department website (CEO.MICRO@illinois.gov) and also
				identified on the application form. There is no application fee and the
				application shall include:
1) Application
				Cover Page - containing name, address, and telephone number of applicant; key
				contact and title; total number of new employees to be hired, and when
				applicable, the number of full-time employees to be retained; company Federal
				Employer Identification Number (F.E.I.N.); Standard Industrial Code (S.I.C.);
				if available, Illinois Unemployment Insurance Account Code; State Senate
				District number; State Representative District number; authorized signatures;
				and related information.
2) Project
				Summary -
a detailed description of the project that is to be the
				subject of the agreement.
[35 ILCS
				45/110-45(a)(1) ]
3) Site Map - an outline of the general
				location of the project on a site map, including the location of any flood
				plain areas and wetland areas.
4)
				Jobs Impact -
a detailed description of the number of new employees to
				be hired, and the occupation and payroll of the full-time jobs to be created or
				retained as a result of the project
, and a schedule of anticipated
				starting dates of the new hires. In addition, the applicant must provide the
				total number of full-time employees employed by the applicant and any related
				member, subsidiary, parent, or sister company in the State of Illinois at the
				time of the application. If the applicant seeks a credit with respect to
				retained employees, the application shall include the occupation and payroll of
				the full-time employees to be retained because of the project. [35 ILCS
				45/110-45(a)(9) ]
5) Capital Improvements Planned - a detailed
				description of
the minimum investment the taxpayer will make in capital
				improvements, the time period for placing the property in service, and the
				designated location in Illinois for the investment.
This shall include
				but not be limited to a description (or specifications or lists) of the planned
				capital improvements demonstrating the investment is qualified; documentation
				to substantiate the value of the investment (value of capital improvements as
				provided by appraisers, vendors, contractors and/or architects and engineers);
				and a schedule regarding when the eligible investment will be placed in
				service. [35 ILCS 45/110-(a)(10)]
6) Total Project Costs - a detailed
				description of the total project cost.
7) Statewide Baseline - a detailed
				description of full-time employees of the applicant and any related members
				employed by such entities at the time of the application. The information
				provided for the current full-time employees shall include the following: name,
				position title, occupation code, date of hire, and facility address.
8) Hiring plan - a detailed description of
				applicant's
hiring plan and commitment to recruit and hire full-time
				employee positions at the project site. The hiring plan may include a
				partnership with an institution of higher education to provide internships,
				including, but not limited to, internships supported by the Clean Jobs
				Workforce Network Program, or full-time permanent employment for students at
				the project site. Additionally, the applicant may create or utilize
				participants from apprenticeship programs that are approved by and registered
				with the United States Department of Labor's Bureau of Apprenticeship and
				Training. The Applicant may apply for apprenticeship education expense credits
				in accordance with the provisions set forth in 14 Ill. Admin. Code 522. Each
				applicant is required to report annually, on or before April 15, on the
				diversity of its workforce in accordance with Section 110-50 of
the
				Act [35
				ILCS 45/110-50 ]
. For existing facilities of
				applicants under
Section
				120.30(b)(3)
, if the taxpayer expects a reduction in force due to its transition to
				manufacturing semiconductors, microchips, or semiconductor or microchip
				component parts, the plan submitted under
this Section
must
				outline the taxpayer's plan to assist with retraining its workforce aligned
				with the taxpayer's adoption of new technologies and anticipated efforts to
				retrain employees through employment opportunities within the taxpayer's
				workforce.
[35 ILCS
				45/110-20(e) ]
9) Financial Statement - a balance sheet and
				a profit and loss statement of the taxpayer for the last two years.
10) Other Provisions - any other provisions
				or information the Department determines is necessary to evaluate the
				applicant's eligibility under the Act and if the criteria established in
				Section 120.30 are met.