Illinois Administrative Code › Title 14 - COMMERCE › Part 580 - REIMAGINING ENERGY AND VEHICLES IN ILLINOIS PROGRAM › Subpart B - TAX CREDITS › Section 580.40 - 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/businesshelp/rev.html
).
				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 the designation of its project as a REV Illinois 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
as set forth
				in Section 20 of the Act. [20 ILCS
				686/20(b) ]
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
				(CEO.REV@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.
[20 ILCS
				686/45(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. [20 ILCS
				686/45(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. [20 ILCS
				686/45(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. Adm. Code 522. For
				existing facilities of applicants under
Section
				580.30(b)(4)
, if the taxpayer expects a reduction in force due to its transition to
				manufacturing electric vehicles, electric vehicle component parts, or electric
				vehicle power supply equipment, 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 with the taxpayer's
				workforce.
[20 ILCS 686/20 ]
9) Recycling Capabilities -
Each
				applicant must demonstrate a contractual or other relationship with a recycling
				facility, or demonstrate its own recycling capabilities, at the time of
				application.
[20 ILCS
				686/20(g) ]
10) Financial Statement - a balance sheet and
				a profit and loss statement of the taxpayer for the last two years.
11) 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 580.30 are met.