Illinois Administrative Code › Title 14 - COMMERCE › Part 520 - ENTERPRISE ZONE AND HIGH IMPACT BUSINESS PROGRAMS › Subpart L - JOBS TAX CREDIT › Section 520.1200 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
The following definitions are applicable to this Subpart
				  L.
"Blue Collar Jobs Act" or "Act" means the Act created by
				  Article 20 of P.A. 101-9 that creates the Enterprise Zone construction jobs
				  credit, the High Impact Business construction jobs credit, the River Edge
				  construction jobs credit, and the New Construction EDGE credit (portions
				  related to this Part codified at
				  20
				  ILCS 655/5.5 and 13 ).
"Enterprise Zone construction jobs credit" means an
				  amount equal to 50% (or 75% if the project is located in an underserved area)
				  of the incremental income tax attributable to Enterprise Zone construction jobs
				  credit employees.
[20
				  ILCS 655/13(e) ]
"Enterprise Zone construction jobs credit employee"
				  means a laborer or worker who is employed by an Illinois contractor or
				  subcontractor in the actual construction work on the site of an Enterprise Zone
				  construction jobs credit project.
[20
				  ILCS 655/13(e) ]
"Enterprise Zone construction jobs credit project"
				  means building a structure or building or making improvements of any kind to
				  real property commissioned and paid for by a business that has applied and been
				  approved for an Enterprise Zone construction jobs credit pursuant to
				  this
Subpart
. "Enterprise Zone construction jobs credit
				  project" does not include the routine operation, routine repair, or routine
				  maintenance of existing structures, buildings, or real property.
[20
				  ILCS 655/13(e) ]
"High Impact Business construction jobs credit" means
				  an amount equal to 50% (or 75% if the High Impact Business construction project
				  is located in an underserved area) of the incremental income tax attributable
				  to High Impact Business construction job employees.
[20
				  ILCS 655/5.5(i) ]
"High Impact Business construction job employee"
				  means a laborer or worker who is employed by an Illinois contractor or
				  subcontractor in the actual construction work on the site of a High Impact
				  Business construction job project.
[20
				  ILCS 655/5.5(i) ]
"High Impact Business construction jobs project"
				  means building a structure or building or making improvements of any kind to
				  real property, undertaken and commissioned by a business that was designated as
				  a High Impact Business by the Department. The term "High Impact Business
				  construction jobs project" does not include the routine operation, routine
				  repair, or routine maintenance of existing structures, buildings, or real
				  property.
[20
				  ILCS 655/5.5(i) ]
"Incremental income tax" means the total amount
				  withheld during the taxable year from the compensation of High Impact Business
				  construction job employees or Enterprise Zone construction jobs credit
				  employees.
[20
				  ILCS 655/5.5(i) and 13(e) ]
"Underserved area" means a geographic area that meets
				  one or more of the following conditions:
the area has a poverty rate of at least 20% according
				  to the latest federal decennial census;
75% or more of the children in the area participate
				  in the federal free lunch program, according to reported statistics from the
				  State Board of Education;
at least 20% of the households in the area receive
				  assistance under the Supplemental Nutrition Assistance Program (SNAP);
				  or
the area has an average unemployment rate, as
				  determined by the Illinois Department of Employment Security, that is more than
				  120% of the national unemployment average, as determined by the U.S. Department
				  of Labor, for a period of at least 2 consecutive calendar years preceding the
				  date of the application.
[20
				  ILCS 655/5.5(i) and 13(e)
				  ]