reglab/statecodes huggingface dataset:
Illinois Administrative Code › Title 83 - PUBLIC UTILITIES › Part 1329 - ADMINISTRATION OF THE STATEWIDE 9-1-1 FUND › Subpart F - MISCELLANEOUS › Appendix A - Form of Electronic Carrier Subscriber Information Transmittal

Current through Register Vol. 48, No. 28, July 12, 2024
MONTHLY SUBSCRIBER COUNT FILE
Storage Media: file attached to an Email or a CD-ROM
File Format: Text file or Microsoft EXCEL file
Carrier Subscriber Record File Layout
INSTRUCTIONS: This file must be 32 characters in length with a
				  header and trailer record. The header record must have an H indicator in the first
				  position and the carrier name in the remaining 31 positions. The trailer record must
				  have a T in the first position and the total number of records on the file excluding
				  the header and trailer records for 10 positions, followed by the FEIN. If using a
				  Microsoft EXCEL file, the file records shall all be placed in one column of the
				  file.
Each field length must be filled. Example: Subscriber count is a
				  length of 10 and all spaces must be filled with leading zeros (e.g.,
				  0000000999).
Field Name
Starting Position
Length
Data Type
FEIN
1
9
Numeric
Billing Month
10
4
Numeric (YYMM)
US Postal Zip Code
14
5
Numeric
US Postal +4 Code (if available)
19
4
Numeric
Subscriber Count
23
10
Numeric
SAMPLE: Below is an example of the header, trailer and field
				  requirements.
Header:
Hcarriername
Trailer
T99999999990
This is a sample text file:
HCARRIERNAME
99999999904106270412340000000005
99999999904106270400000000000025
T0000000002999999999
Questions concerning the field requirements may be addressed
				  to:
Illinois State Police
9-1-1 Administrative Support Command
801 South 7th Street
Springfield IL 62703
Email: 911_Admin_Support@isp.state.il.us
Phone: 217/785-2035
Illinois Administrative Code › Title 83 - PUBLIC UTILITIES › Part 1329 - ADMINISTRATION OF THE STATEWIDE 9-1-1 FUND › Subpart F - MISCELLANEOUS › Appendix B - Format of Carrier Remittance Transmittal

Current through Register Vol. 48, No. 28, July 12, 2024
WIRELINE / VoIP CARRIER REMITTANCE FORM FOR ILLINOIS 9-1-1
				  SURCHARGE
Click
				  here to view image
* If remitting multiple months, please attach remittance
				  detail by month on a separate page.
-
The surcharge rate is $0.87 per connection, per month, for
				  connections located outside of the City of Chicago; see section 20 of the Emergency
				  Telephone System Act.
-
Pre-paid wireless surcharge should be remitted to the
				  Department of Revenue. Contact them, or visit
http://www.tax.illinois.gov
for
				  further information.
Send Check and remittance form to:
Illinois State Police
911 Administrative Support Command
911 Surcharge
801 South 7th Street
Springfield IL 62703
POST-PAID WIRELESS CARRIER REMITTANCE FORM FOR ILLINOIS
				  9-1-1 SURCHARGE
Click
				  here to view image
-
The surcharge rate is $0.87 per connection, per month, for
				  connections located outside of the City of Chicago; see section 20 of the Emergency
				  Telephone System Act.
-
Post-paid wireless carriers must also email corresponding
				  subscriber file to: 911_Admin_Support@isp.state.il.us.
Noncompliance will result in penalties.
-
Per statute, wireless carriers cannot withhold 3% for
				  admin until July 1, 2022.
-
Pre-paid wireless surcharge should be remitted to the
				  Department of Revenue. Contact them, or visit
http://www.tax.illinois.gov
for
				  further information.
Send Check and remittance form to:
Illinois State Police
911 Administrative Support Command
911 Surcharge
801 South 7th Street
Springfield IL 62703
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart A - TAX IMPOSED › Section 100.2000 - Introduction

Current through Register Vol. 48, No. 28, July 12, 2024
a) In general. The
				Illinois Department of Revenue is an agency of the government of the State of
				Illinois under the immediate direction of the Director of Revenue. The Director
				has general administrative responsibility for the assessment and collection of
				the Illinois Income Tax. Offices of the Department are in Springfield (101 West
				Jefferson, Springfield, Illinois 62708) and there are District Offices (as of
				May 31, 1999) in Rockford, Des Plaines, Fairview Heights, Marion, Rock Island,
				Peoria, Springfield, Chicago, Evergreen Park, West Chicago, Park City and
				Urbana, Illinois; and Culver City, California; Garland, Texas; Cleveland, Ohio;
				and Paramus, New Jersey.
b) Scope.
				The procedural rules of the Department set forth in this Part apply to the
				taxes imposed by the Illinois Income Tax Act. These regulations provide a
				descriptive statement of the general course and method by which the
				Department's functions are channeled and determined, insofar as such functions
				relate generally to the assessment and collection of the Illinois income tax
				and enforcement of the Illinois Income Tax Act.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart A - TAX IMPOSED › Section 100.2050 - Net Income (IITA Section 202)

Current through Register Vol. 48, No. 28, July 12, 2024
a)
A taxpayer's net income
under the IITA
is that portion
				of the taxpayer's base income
(determined under IITA Section 203)
for the taxable year that is allocable
or apportionable
to Illinois under the provisions of Article 3 of the IITA
,
less the
Illinois net loss
deduction allowed by IITA
				Section 207 and the exemptions
allowed by IITA Section
				204
and Section 100.2055. (IITA Section 202) In computing net income,
				any Illinois net operating loss deduction shall be subtracted before the
				subtraction for the exemptions.
b)
				For tax years ending on or after December 31, 1986, net income for income tax
				(IITA Section 201(a) and (b)) and for replacement tax (IITA Section 201(c) and
				(d)) are identical amounts. For prior tax years, the net income amount for
				replacement tax was usually a greater amount than net income for income tax.
				For purposes of the net loss deduction that may be subtracted from net income
				in those prior years, the amount deductible for income tax purposes shall
				govern, and the amount that may be deducted for replacement tax purposes in a
				given tax year shall be the same amount as may be deducted for income tax
				purposes.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart A - TAX IMPOSED › Section 100.2055 - Standard Exemption (IITA Section 204)

Current through Register Vol. 48, No. 28, July 12, 2024
a)
In computing net income, there
				shall be allowed as an exemption the sum of the basic amounts provided under
				subsections (b) and (c) plus the additional exemptions allowed under subsection
				(d), multiplied by a fraction, the numerator of which is the amount of the
				taxpayer's base income allocable to this State for the taxable year and the
				denominator of which is the taxpayer's total base income for the taxable
				year.
(IITA Section 204(a))
b) Each taxpayer shall be allowed an
				exemption in the basic amount equal to:
1) in
				the case of an individual:
A)
for
				taxable years ending prior to December 31, 1998, $1,000;
(IITA Section
				204(b))
B)
for taxable
				years ending on or after December 31, 1998 and prior to December 31, 1999,
				$1,300;
(IITA Section 204(b)(1))
C)
for taxable years ending on or
				after December 31, 1999 and prior to December 31, 2000, $1,650;
(IITA
				Section 204(b)(2))
D)
for
				taxable years ending on or after December 31, 2000, and prior to December 31,
				2012, $2,000;
(IITA Section 204(b)(3))
E)
for taxable years ending on or
				after December 31, 2012 and prior to December 31, 2013
and for taxable
				years beginning on or after June 1, 2017, $2,050; (IITA Section
				204(b)(4))
F)
for taxable
				years ending on or after December 31, 2013 and on or before December 31,
				2022
,
$2,050 plus the cost-of-living adjustment under
				subsection (e);
(IITA Section 204(b)(5))
G)
for taxable years ending on or
				after December 31, 2023 and prior to December 31, 2024, $2,425;
(IITA
				Section 204(b)(6))
H)
for
				taxable years ending on or after December 31, 2024 and on or before December
				31, 2028, $2,050 plus the cost-of-living adjustment under
subsection
				(e); and (IITA Section 204(b)(7))
I) for taxable years ending after December
				31, 2028, zero.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2100 - Replacement Tax Investment Credit Prior to January 1, 1994 (IITA 201(e))

Current through Register Vol. 48, No. 28, July 12, 2024
a) Scope of this
				Section. Hereinafter, unless specifically provided otherwise the term
				"investment credit" refers to the credit against the Personal Property Tax
				Replacement Income Tax provided by IITA Section 201(e).
b) A taxpayer shall beallowed a creditequal
				to.5% of thebasis of qualified property placed in serviceduring the taxable
				year, provided such property is placed in service on or after July 1, 1984
				(IITA Section 201(e)(1)).
c) There
				shall be allowed an additional credit equal to .5% of the basis of qualified
				property placed in service during the taxable year provided such property is
				placed in service on or after July 1, 1986, and the taxpayer's base employment
				within Illinois has increased by 1% or more over the preceding year as
				determined by the taxpayer's employment records filed with the Illinois
				Department of Employment Security. If, in any year, the increase in base
				employment over the preceding year is less than 1%, the additional credit shall
				be limited to that percentage times a fraction, the numerator of which is .5%
				and the denominator of which is 1%, but shall not exceed .5% (IITA Section
				201(e)(1)).
1) Base employment. For purposes
				of calculating the additional investment credit, base employment in Illinois is
				defined as the average monthly total of individuals employed in Illinois by a
				taxpayer during the taxable year. To calculate base employment for a particular
				taxable year, the taxpayer need only total the number of individuals he
				employed in Illinois during each month of the taxable year as reported to the
				Illinois Department of Employment Security on Line 1 of Form UC-3/40 or
				UI-3/40M and divide this total by the number of months in the taxable
				year.
2) Example of the Additional
				Investment Credit Computation. During the calendar year 1991, Corporation A
				reported 500 employees each month on Line 1 of Form UC-3/40. Therefore,
				Corporation A's base employment in Illinois for 1991 was 500 ((500 x 12)/12 =
				500). In 1992, Corporation A reported 500 employees for each of the first six
				months, and 505 employees for each of the remaining six months of the taxable
				year. Therefore, Corporation A's base employment for 1992 was 502.5 ((500 x 6)
				+ (505 x 6)/12 = 502.5). Corporation A's percentage of increase in 1992 base
				employment over 1991 base employment is .5%. This figure is computed by
				subtracting the 1991 base employment from the 1992 base employment and dividing
				the remainder by the 1991 base employment ((502.5 - 500)/500 = .005 or .5%).
				Corporation A will be allowed an additional investment credit for 1992 of .25%
				(one-half the percentage of increase) times the adjusted basis of qualified
				property placed in service in Illinois during the taxable year and on or after
				July 1986.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2110 - Investment Credit; Enterprise Zone and River Edge Redevelopment Zone (IITA Section 201(f))

Current through Register Vol. 48, No. 28, July 12, 2024
a) A taxpayer
				shall be allowed a credit against the tax imposed by IITA Section 201(a) and
				(b) for investment in qualified property placed in service in an enterprise
				zone created pursuant to the Illinois Enterprise Zone Act [20 ILCS 655 ] or for
				qualified property placed in service on or after July 1, 2006 in a river edge
				redevelopment zone established pursuant to the River Edge Redevelopment Zone
				Act [65 ILCS 115 ].
b) For partners
				and shareholders of Subchapter S corporations, there shall be allowed an
				enterprise zone or river edge redevelopment zone investment credit to be
				determined in accordance with the determination of income and distributive
				share of income under sections 702 and 704 and Subchapter S of the Internal
				Revenue Code.
c) The credit shall
				be .5% of the basis for property in a zone.
d) The credit shall be available only in the
				taxable year in which the property is placed in service in the enterprise zone
				or river edge redevelopment zone and shall not be allowed to the extent that it
				would reduce a taxpayer's liability for the tax imposed by IITA Section 201(a)
				and (b) below zero.
1) Qualifying property
				shall be considered placed in service in an Illinois enterprise zone or river
				edge redevelopment zone on the date on which the property is placed in a
				condition or state of readiness and availability for a specifically assigned
				function.
2) Property that is
				disposed of, is moved out of the enterprise zone or river edge redevelopment
				zone, or ceases to qualify for any other reason during the same taxable year it
				was placed in service in an enterprise zone or river edge redevelopment zone
				will not be considered in computing the credit for the taxable year.
3) The credit shall be allowed for the tax
				year in which the property is placed in service, or, if the amount of the
				credit exceeds the original liability or the liability as later amended, the
				excess may be carried forward and applied to the tax liability of the 5 taxable
				years following the excess credit year.
4) The credit shall be applied to the
				earliest year for which there is a liability.
5) If there is credit for more than one tax
				year that is available to offset a liability, the credit accruing first in time
				shall be applied first.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2120 - Jobs Tax Credit; Enterprise Zone, Foreign Trade Zone or Sub-Zone and River Edge Redevelopment Zone (IITA Section 201(g))

Current through Register Vol. 48, No. 28, July 12, 2024
a) A taxpayer conducting a trade or business
				in an enterprise zone, or a High Impact Business designated by the Department
				of Commerce and Economic Opportunity conducting a trade or business in a
				federally designated foreign trade zone or sub-zone, or in a river edge
				redevelopment zone established pursuant to the River Edge Redevelopment Zone
				Act [65 ILCS 115 ] shall be allowed a credit against the tax imposed by Section
				201(a) and (b) of the Illinois Income Tax Act in the amount of $500 per
				eligible employee hired to work in the zone during the taxable year.
1) In general, the credit is available for
				eligible employees hired on or after January 1, 1986, or for taxable years
				ending prior to July 25, 2013, the effective date of PA 98-109, which repealed
				IITA Section 201(g).
2) The credit
				is not allowed for an eligible employee hired to work in an enterprise zone in
				a taxable year ending on or after August 7, 2012, the effective date of PA
				97-905, which repealed the credit as it relates to enterprise zones.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2130 - Investment Credit; High Impact Business (IITA 201(h))

Current through Register Vol. 48, No. 28, July 12, 2024
a) Subject to the minimum investment
				requirements of Section 5.5 of the Illinois Enterprise Zone Act, a taxpayer
				shall be allowed a credit against the tax imposed by IITA Sections 201(a) and
				(b) for investment in qualified property which is placed in service in a
				federally designated Foreign Trade Zone or Sub-Zone located in Illinois by a
				Department of Commerce and Community Affairs designated High Impact Business.
				The credit is reported on Schedules 1299 A, C or D. Recapture (see subsection
				(i) below) is computed on Schedule 4255.
b) The credit shall be .5% of the basis for
				such property.
c) The credit shall
				not be available until the minimum investments in qualified and shall not be
				allowed to the extent that it would reduce a taxpayer's liability for the tax
				imposed by IITA Sections 201(a) and (b) to below zero. The credit applicable to
				such minimum investments shall be taken in the taxable year in which such
				minimum investments have been completed. The credit for additional investments
				beyond the minimum investment by a designated high impact business shall be
				available only in the taxable year in which the property is placed in service
				and shall not be allowed to the extent that it would reduce a taxpayer's
				liability for the tax imposed by IITA Sections 201(a) and (b) to below zero.
				The minimum investments required by Section 5.5 of the Illinois Enterprise Zone
				Act are:
1) $12,000,000 which will be placed
				in service in qualified property with an intention to create 500 full-time
				equivalent jobs at a designated location in Illinois, or
2) $30,000,000 which will be placed in
				service in qualified property with the intention to retain 1,500 full-time jobs
				at a designated location in Illinois.
The Illinois Department of Commerce and Community Affairs
				  must certify that the minimum investment requirements have been met.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2135 - REV Illinois Investment Tax Credit (IITA Section 237)

Current through Register Vol. 48, No. 28, July 12, 2024
a)
For tax years beginning on or
				after
November 16, 2021
, a taxpayer shall be allowed a credit
				against the tax imposed by
IITA
Section 201 (a) and (b) for
				investment in qualified property which is placed in service at the site of a
				REV Illinois Project subject to an agreement between the taxpayer and the
				Department of Commerce and Economic Opportunity
(DCEO)
pursuant to the Reimagining Electric Vehicles in Illinois Act
[20 ILCS
				686 ] (REV Illinois Act). (IITA Section
				237(a))
b) For the purposes of the
				REV Illinois investment tax credit, "Project" or "REV Illinois Project" shall
				have the same meaning as when used in Section 10 of the REV Illinois
				Act.
c)
The credit shall be
				0.5 % of the basis for such
				property
. (IITA Section 237(a))
d)
The credit shall be available only
				in the taxable year in which the property is placed in service and shall not be
				allowed to the extent that it would reduce a taxpayer's liability for the tax
				imposed by
IITA
Section 201(a) and (b) to
less than
zero. The credit shall be allowed for the tax year in which the
				property is placed in service, or if the amount of the credit exceeds the tax
				liability for that year, whether it exceeds the original liability or the
				liability as later amended, such excess may be carried forward and applied to
				the tax liability of the 5 taxable years following the excess credit year. The
				credit shall be applied to the earliest year for which there is a liability. If
				there is credit from more than one tax year that is available to offset a
				liability, the
earlier
credit shall be applied first.
(IITA Section 237(a))
e) The credit
				allowed under this Section shall be taken in the taxable year that includes the
				date of the tax credit certificate issued by DCEO under Section 100 of the REV
				Illinois Act.
f)
The term
				"qualified property" means property which:
1)
is tangible, whether new or
				used;
A) Tangible property includes
				objects or things that are physically capable of being touched and seen and
				over which a person may assert rights of ownership.
B) Tangible property consists of personal or
				real property and includes such items as
buildings, structural
				components of buildings
, machinery, equipment, and vehicles.
C) Items such as stock certificates, bonds,
				notes and the like are not tangible personal property. While the certificate or
				paper may be tangible, the item itself, the share of ownership of a corporation
				or the promise to pay, is an intangible that is memorialized by the
				paper.
D) The terms "new or used"
				shall have their commonly ascribed meanings.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2136 - MICRO Investment Tax Credit (IITA Section 239)

Current through Register Vol. 48, No. 28, July 12, 2024
a)
For tax years beginning on or
				after January 1, 2025, a taxpayer shall be allowed a credit against the tax
				imposed by
IITA
Section 201(a) and (b) for investment in
				qualified property which is placed in service at the site of a project that is
				subject to an agreement between the taxpayer and the Department of Commerce and
				Economic Opportunity
(DCEO)
pursuant to the Manufacturing
				Illinois Chips for Real Opportunity (MICRO) Act
[35 ILCS 45] (MICRO
				Act). (IITA Section 239(a))
b) For
				the purposes of the MICRO Investment Tax Credit, "Project" or "MICRO Illinois
				Project" shall have the same meaning as when used in Section 110-10 of the
				MICRO Act.
c)
The credit
				shall be 0.5% of the basis for such property.
(IITA Section
				239(a))
d)
The credit shall
				be available only in the taxable year in which the property is placed in
				service and shall not be allowed to the extent that it would reduce a
				taxpayer's liability for the tax imposed by
IITA
Section
				201(a) and (b) to
less than
zero. The credit shall be allowed
				for the tax year in which the property is placed in service, or if the amount
				of the credit exceeds the tax liability for that year, whether it exceeds the
				original liability or the liability as later amended, such excess may be
				carried forward and applied to the tax liability of the 5 taxable years
				following the excess credit year. The credit shall be applied to the earliest
				year for which there is a liability. If there is credit from more than one tax
				year that is available to offset a liability, the
earlier
credit shall be applied first.
(IITA Section 239(a))
e) The credit allowed under this Section
				shall be taken in the taxable year that includes the date of the tax credit
				certificate issued by DCEO under Section 110-100 of the MICRO Act.
f)
The term "qualified property"
				means property which
:
1)
is
				tangible, whether new or used;
A)
				Tangible property includes objects or things that are physically capable of
				being touched and seen and over which a person may assert rights of
				ownership.
B) Tangible property
				consists of personal or real property and includes such items as
buildings, structural components of buildings
, machinery,
				equipment, and vehicles.
C) Items
				such as stock certificates, bonds, notes and the like are not tangible personal
				property. While the certificate or paper may be tangible, the item itself, the
				share of ownership of a corporation or the promise to pay, is an intangible
				that is memorialized by the paper.
D) The terms "new or used" shall have their
				commonly ascribed meanings.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2140 - Credit Against Income Tax for Replacement Tax (IITA 201(i))

Current through Register Vol. 48, No. 28, July 12, 2024
a) Section 201(c)
				imposes the Personal Property Tax Replacement Income Tax. This tax is measured
				by net income of every corporation (including Sub-chapter S corporations),
				partnership and trust, for each taxable year. The tax is imposed on the
				privilege of earning or receiving income in this State. The tax is in addition
				to the income tax imposed under IITA Sections 201(a) and (b). IITA Section
				201(d) lists the tax rates for the Personal Property Tax Replacement Income
				Tax.
b) For tax years ending prior
				to December 31, 2003, a credit is allowed against the Income Tax for Personal
				Property Tax Replacement Income Tax.
1) For
				tax years ending before January 1, 1989, the credit is computed by multiplying
				the tax imposed by IITA Sections 201(c) and (d) by the apportionment percentage
				(or by 1 if the entity is non-apportioning). The result is further multiplied
				by the tax rate imposed by IITA Sections 201(a) and (b).
2) For tax years ending on or after January
				1, 1989, the credit is computed by multiplying the tax imposed by IITA Sections
				201(c) and (d) by a fraction, the numerator of which is base income allocable
				to Illinois and the denominator of which is Illinois base income. The result is
				further multiplied by the tax rate imposed by IITA Sections 201(a) and
				(b).
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2160 - Research and Development Credit (IITA Section 201(k))

Current through Register Vol. 48, No. 28, July 12, 2024
a)
For tax years ending after July 1,
				1990 and prior to December 31, 2003, and tax years ending on or after December
				31, 2004 and prior to January 1, 2027, each taxpayer shall be allowed a credit
				against the tax imposed by IITA Section 201(a) and (b) for increasing research
				activities in this State. It is the intent of the General Assembly that the
				research and development credit under IITA Section 201(k) applies continuously
				for all tax years ending on or after December 31, 2004 and ending prior to
				January 1, 2027, including, but not limited to, the period beginning on January
				1, 2016,
the date on which the credit expired prior to enactment of PA
				100-22,
and ending on July 6, 2017,
the effective date of PA
				100-22
. All actions taken in reliance on the continuation of the credit
				under IITA Section 201(k) by any taxpayer are hereby validated.
(IITA
				201(k))
b)
The credit
				allowed shall be equal to 61/2% of the qualifying expenditures for increasing
				research activities in this State.
(IITA Section 201(k))
c) Not all "research" will qualify for the
				credit. Nor will every expenditure associated with research qualify for the
				credit. Qualified research is defined in IRC section 41(d). Qualifying
				expenditures means the qualifying expenditures as defined for the federal
				credit for increasing research activities which would be allowable under IRC
				section 41 and which are conducted in this State.
1) IRC section 41(b) defines "qualifying
				research expenses" as the sum of the in-house research expenses and the
				contract research expenses paid or incurred by the taxpayer during the taxable
				year in carrying on any trade or business of the taxpayer.
2) Qualifying expenditures also include basic
				research payments. Basic research payments are defined in IRC section
				41(e).
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2163 - Environmental Remediation Credit (IITA 201(l))

Current through Register Vol. 48, No. 28, July 12, 2024
a) For tax years ending after December 31,
				1997, and on or before December 31, 2001, a taxpayer shall be allowed a credit
				against the tax imposed by IITA Section 201(a) and (b) for unreimbursed
				environmental remediation costs incurred. [IITA Section 201(l)]
b) The credit allowed shall be equal to 25%
				of the unreimbursed remediation costs incurred and approved by the Illinois
				Environmental Protection Agency in excess of $100,000 per cleanup site. The
				$100,000 deductible does not apply if the remediation site is within an
				enterprise zone. [IITA Section 201(l)]
c) The credit is earned in the year the
				Illinois Environmental Protection Agency issues a No Further Remediation Letter
				with respect to the site and may not exceed $150,000 per site. The credit shall
				not exceed $40,000 per year and the credit may not reduce the taxpayer's
				liability for the tax imposed by IITA Section 201(a) and (b) below zero. [IITA
				Section 201(l)]
d) The credit is
				not allowed to a person who is responsible for the pollution of the remediation
				site or who is related to the responsible person. A person is related to a
				responsible person if deductions for losses incurred on transactions between
				them would be disallowed under IRC Section 267(b), (c), or (f)(1). [IITA
				Section 201(l)]
e) Any credit in
				excess of either the tax liability for the taxable year or the $40,000 per year
				limitation may be carried forward to offset the income tax liability of the
				taxpayer for the next 5 years or until it has been fully utilized, whichever
				occurs first. Credit in excess of the $150,000 per site limitation may not be
				carried over to another year. If a credit from more than one year is carried
				forward to a particular tax year, the credit arising in the earliest tax year
				is applied first.
f) If the site is
				sold, any unused credit passes to the purchaser, unless the purchaser is
				disqualified under subsection (d) of this Section.
g) In the case of a credit earned by a
				partnership or Subchapter S corporation, the credit passes through to the
				owners for use against their regular income tax liabilities in the same
				proportion as other items of the taxpayer are passed through to its owners for
				federal income tax purposes.
h) A
				taxpayer claiming the credit who has deducted any of the expenses on which the
				credit is based for federal income tax purposes must add those expenses back in
				computing base income.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2164 - Data Center Investment Credit (IITA Section 229)

Current through Register Vol. 48, No. 28, July 12, 2024
a) For taxable years beginning on or after
				January 1, 2019,
a taxpayer who has been awarded a credit by the
				Department of Commerce and Economic Opportunity
(DCEO)
under
				Section 605-1025
(b)
of the Department of Commerce and Economic
				Opportunity Law of the Civil Administrative Code of Illinois
[20 ILCS
				605] (DCEO Law)
is entitled to a credit against the taxes imposed
				under
IITA
Section 201 (a) and (b).
(IITA Section
				229(a))
b) Data Center. For the
				purposes of the data center investment credit, "data center" shall have the
				same meaning as when used in Section 605-1025(c) of the DCEO Law.
c) The credit shall be computed as
				established in this subsection.
The amount of the credit shall be 20%
				of the wages paid during the taxable year to a full-time or part-time employee
				of a construction contractor employed by a certified data center if those wages
				are paid for the construction of a new data center in a geographic area that
				meets any one of the following criteria:
1)
the area has a poverty rate of at
				least 20%, according to the latest federal decennial census;
2)
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;
3)
20% or more of the households in
				the area receive assistance under the Supplemental Nutrition Assistance Program
				(SNAP); or
4)
the
				area has an average unemployment rate, as determined by the 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.
(IITA Section 229(a))
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2165 - Education Expense Credit (IITA 201(m))

Current through Register Vol. 48, No. 28, July 12, 2024
a)
Beginning with tax years ending
				after December 31, 1999, a taxpayer who is the custodian of one or more
				qualifying pupils shall be allowed a credit against the tax imposed by IITA
				Section 201(a) and (b) for qualified education expenses incurred on behalf of
				the qualifying pupils
(the "education expense credit").
The
				education expense credit shall be equal to 25% of qualified education expenses,
				but the maximum education expense credit allowed to a family that is the
				custodian of qualifying pupils shall not exceed $500 in any tax year
ending prior to December 31, 2017, or $750 for any tax year ending on or after
				December 31, 2017,
regardless of the number of qualifying pupils. The
				education expense credit taken shall not reduce a taxpayer's liability under
				the Act to less than zero.
Notwithstanding any other provision
				of law, for taxable years beginning on or after January 1, 2017, if the
				taxpayer's adjusted gross income for the taxable year exceeds $500,000, in the
				case of spouses filing a joint federal tax return or $250,000, in the case of
				all other taxpayers,
the credit allowed under this Section shall be
				zero
.
(IITA Section 201(m)) For purposes of this provision,
				each spouse is a separate taxpayer. No part of the education expense credit is
				refundable to the custodian in the event the custodian's tax liability is
				reduced to zero.
b) For a taxpayer
				to claim the education expense credit, the taxpayer must be the custodian of
				one or more qualifying pupils and have incurred qualified education expenses on
				behalf of the qualifying pupils.
1)
				Qualifying Pupils
A)
"Qualifying
				pupils" shall mean individuals
who are:
i)
residents of the State of
				Illinois;
ii)
under the age of 21 at the close of the school year for which a credit
				is sought; and
iii)
full time pupils enrolled in a kindergarten through twelfth grade
				education program at any school during the school year for which a credit is
				sought.
(IITA Section 201(m))
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2170 - Tax Credits for Coal Research and Coal Utilization Equipment (IITA 206)

Current through Register Vol. 48, No. 28, July 12, 2024
a) Until January
				1,2005, each corporation subject to the Illinois Income Tax Act shall be
				entitled to a credit against the tax imposed under IITA Sections 201(a) and (b)
				in an amount equal to 20% of the amount donated to the Illinois Center for
				Research on Sulfur in Coal (IITA Section 206).
b) Until January 1,2005, each corporation
				subject to the Illinois Income Tax Act shall be entitled to a credit against
				the tax imposed under IITA Sections 201(a) and (b) in an amount equal to 5% of
				the amount spent during the taxable year by the corporation on equipment
				purchased for the purpose of maintaining or increasing the use of Illinois coal
				at any Illinois facility owned, leased or operated by the corporation.
1) Such equipment shall be limited to direct
				coal combustion equipment and pollution control equipment necessary
				thereto.
2) For purposes of this
				credit, the amount spent on qualifying equipment shall be defined as the basis
				of the equipment used to compute the depreciation deduction for federal income
				tax purposes. This amount spent is the adjusted basis of each item of equipment
				as determined pursuant to IRC 167(g). Generally, the adjusted basis will be the
				purchase price of the property plus any capital expenditures less any rebates
				(IITA Section 206).
3) In order to
				show that the equipment was purchased with the intent to maintain or increase
				the use of Illinois coal at any Illinois facility owned, leased or operated by
				the taxpayer, the taxpayer must demonstrate that the equipment was used for the
				combustion of Illinois coal during the taxable year or could reasonably have
				been so used but was not due to circumstances beyond the taxpayer's
				control.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2179 - Volunteer Emergency Worker Credit (IITA Section 234)

Current through Register Vol. 48, No. 28, July 12, 2024
a) For taxable years beginning on or after
				January 1, 2023, and beginning before January 1, 2028, a taxpayer shall be
				allowed a credit against the tax imposed by subsections (a) and (b) of Section
				201 of the Illinois Income Tax Act in the amount of $500 if the taxpayer:
1) Served as a volunteer emergency worker for
				at least nine months during the taxable year,
2) Did not receive more than $5,000 in
				compensation for serving as a volunteer emergency worker during the taxable
				year, and
3) Is registered with the
				Office of the State Fire Marshal (OSFM) as having met criteria (1) and (2) by
				January 12 of the following calendar year.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2180 - Credit for Residential Real Property Taxes (IITA 208)

Current through Register Vol. 48, No. 28, July 12, 2024
a)
Beginning with tax years ending on
				or after December 31, 1991, every individual taxpayer shall be entitled to a
				tax credit equal to 5% of real property taxes paid by the taxpayer during the
				taxable year on the principal residence of the taxpayer. In the case of
				multi-unit or multi-use structures and farm dwellings, the taxes on the
				taxpayer's principal residence shall be that portion of the total taxes that is
				attributable to the principal residence.
1)
Notwithstanding any other
				provision of law, for taxable years beginning on or after January 1, 2017, no
				taxpayer is allowed a credit under this Section if the taxpayer's adjusted
				gross income for the taxable year exceeds:
A)
$500,000, in the case of spouses
				filing a joint federal tax return; or
B)
$250,000, in the case of all other
				taxpayers.
(IITA Section 208)
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2181 - Credit for Instructional Materials and Supplies. (IITA Section 225)

Current through Register Vol. 48, No. 28, July 12, 2024
a)
For
				taxable years beginning on and after January 1, 2017, a taxpayer shall be
				allowed a credit in the amount paid by the taxpayer during the taxable year for
				instructional materials and supplies with respect to classroom based
				instruction in a qualified school, or $250, whichever is less, provided that
				the taxpayer is a teacher, instructor, counselor, principal or aide in a
				qualified school for at least 900 hours during a school year. The credit may
				not be carried back and may not reduce the taxpayer's liability to less than
				zero. If the amount of the credit exceeds the tax liability for the year, the
				excess may be carried forward and applied to the tax liability of the 5 taxable
				years following the excess credit year. The tax credit carried forward is
				applied to the earliest year for which there is a tax liability. If credits for
				more than one year are available to offset a liability, the earlier credit
				shall be applied first.
(IITA Section 225)
b) For purposes of this Section:
1)
The term "qualified school" means
				a public school or non-public school located in Illinois.
(IITA
				Section 225) IITA Section 102 provides that,
except as otherwise
				expressly provided or clearly appearing from the context, any term used in the
				Act has the same meaning as when used in a comparable context in the IRC or any
				successor law or laws relating to federal income taxes and other provisions of
				federal statutes relating to federal income taxes, as that Code, laws and
				statutes are in effect for the taxable year.
Accordingly, "school"
				means a school that provides elementary education or secondary education
				(kindergarten through grade 12), as provided in the federal income tax
				deduction allowed to teachers for classroom supplies under IRC section
				62(a)(2)(D) and (d)(1).
2)
The term "materials and supplies" means amounts paid for instructional
				materials or supplies that are designated for classroom use in any qualified
				school.
(IITA Section 225) Expenses qualifying for the federal income
				tax deduction for classroom books, supplies, equipment and other materials
				under IRC section 62(a)(2)(D) also qualify for this credit, except that the
				express provision in IRC section 62(a)(2)(D)(ii) that nonathletic supplies for
				courses of instruction in health or physical education do not qualify, does not
				apply for purposes of this credit.
3) A "school year" includes any summer school
				conducted in the summer immediately following the end of the spring term of the
				school year.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2190 - Tax Credit for Affordable Housing Donations (IITA Section 214)

Current through Register Vol. 48, No. 28, July 12, 2024
a) For tax years
				ending on or after December 31, 2001 and on or before December 31, 2026, a
				taxpayer who makes a donation under Section 7.28 of the Illinois Housing
				Development Act [20 ILCS
				3805/7.28 ] is entitled to a credit under IITA Section
				214.
b) The credit shall be equal
				to 50% of the value of the donation, but in no event shall exceed the amount
				reserved by the administrative housing agency for that project pursuant to
				Section 7.28 of the Illinois Housing Development Act and 47 Ill. Adm. Code
				355.209.
c) Year in which credit is taken. At the
				election of the taxpayer, the credit shall be taken:
1) in the tax year in which the donation is
				made; provided that such election may not be made for any tax year ending after
				December 31, 2016;
2) in the tax
				year in which the reservation letter is issued by the administrative housing
				agency under 47 Ill. Adm. Code 355.209, provided that the credit may not be
				claimed until the donation is made and, if the donation is not made before the
				taxpayer files its Illinois income tax return for the tax year in which the
				effective date occurs, the credit may not be claimed on the original return,
				but rather must be claimed on an amended return or claim for refund after the
				donation is made; or
3) in the tax
				year in which the credit is transferred to the taxpayer; provided that, if the
				taxpayer elects under this subsection (c)(3) to take the credit in any tax year
				after the tax year in which the donation was made, the 5-year carryforward
				period allowed to the taxpayer in subsection (d) shall be reduced by the number
				of tax years of the taxpayer that ended on or after the date of the donation
				and on or before the date of the transfer to the taxpayer. The election shall
				be made in the manner directed by the Department and, once made, shall be
				irrevocable.
EXAMPLE: The administrative housing agency issues a
				  reservation letter for a qualifying project in December 2003. A calendar-year
				  donor makes a qualifying donation in January 2004. Under this subsection (c),
				  the donor may elect to take the credit in 2003 or 2004. If, in 2008, the donor
				  transfers any unused credit to a calendar-year taxpayer, the taxpayer may also
				  elect to claim the transferred amount as a credit in 2003 or 2004. However,
				  because the statute of limitations might prevent the taxpayer from deriving any
				  benefit from claiming the credit in 2003 or 2004, subsection (c)(3) allows the
				  taxpayer to claim the credit in 2008, the year of the transfer. If the taxpayer
				  elects to claim the credit in 2008, it may carry forward any credit in excess
				  of its liability only until 2009, 5 years after the year of the
				  donation.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2195 - Dependent Care Assistance Program Tax Credit (IITA 210)

Current through Register Vol. 48, No. 28, July 12, 2024
a) Beginning with tax years ending on or
				after June 30, 1995, each taxpayer who is primarily engaged in manufacturing is
				entitled to a credit against the tax imposed by subsections (a) and (b) of
				Section 201 of the Act in an amount equal to 5% of the amount of expenditures
				by the taxpayer in the tax year for which the credit is claimed, reported
				pursuant to Section 129(d)(7) of the Internal Revenue Code, to provide in the
				Illinois premises of the taxpayer's workplace an on-site facility dependent
				care assistance program under Section 129 of the Internal Revenue Code (see
				IITA Section 210(a)).
b) The term
				manufacturing is defined, for purposes of this credit, in the same manner as
				that term is defined for purposes of the Replacement Tax Investment Credit (see
				IITA Section 201(e)(3)). Manufacturing is the material staging and production
				of tangible personal property by procedures commonly regarded as manufacturing,
				processing, fabrication or assembling which changes some existing material into
				new shapes, new qualities, or new combinations. It is not necessary that such
				procedures result in a finished consumer product. Procedures commonly regarded
				as manufacturing, processing, fabrication or assembling are those so regarded
				by the general public.
c) A
				taxpayer is primarily engaged in manufacturing if more than 50% of the gross
				receipts of the taxpayer are received from the sale of items manufactured by
				the taxpayer.
d) Any credit allowed
				under this Section which is unused in the year the credit is earned may be
				carried forward to each of the 2 taxable years following the year for which the
				credit is computed until it is used.
1) This
				credit shall be applied first to the earliest year for which there is a
				liability. If there is a credit under this Section from more than one tax year
				that is available to offset a liability, the earliest credit arising under this
				Section shall be applied first [35 ILCS
				5/210(b) ].
2) If a taxpayer has a Dependent Care
				Assistance Program Credit and credit(s) under any other provision of the
				Illinois Income Tax Act with a 5 year carryforward, the taxpayer may apply the
				Dependent Care Assistance Program Credit to tax otherwise due for a particular
				tax year, prior to applying the credit with the 5 year carryforward.
Illinois Administrative Code › Title 86 - REVENUE › Part 100 - INCOME TAX › Subpart B - CREDITS › Section 100.2196 - Employee Child Care Assistance Program Tax Credit (IITA Section 210.5)

Current through Register Vol. 48, No. 28, July 12, 2024
a) Eligibility for
				Credit
1) Beginning with tax years ending on
				or after December 31, 2000, each corporate taxpayer is entitled to a credit
				against the tax imposed by subsections (a) and (b) of Section 201 of the Act
				in:
A) an amount equal to 30% of the start-up
				costs expended by the corporate taxpayer to provide a child care facility for
				the children of its employees; plus
B) 5% of the annual amount paid by the
				corporate taxpayer in providing the child care facility for the children of its
				employees. (IITA Section 210.5(a) )