Illinois § 5-30 Limitation to amount of costs of specified items

Illinois Statutes

§ 5-30 — Limitation to amount of costs of specified items

Illinois § 5-30

JurisdictionIllinois

TopicGOVERNMENT

Ch. 35REVENUE

Act 35 ILCS 10/Economic Development for a Growing Economy Tax Credit Act.

Art.Article 5 - Economic Development for a Growing Economy Tax Credit Act

This text of Illinois § 5-30 (Limitation to amount of costs of specified items) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

35 Ill. Comp. Stat. 5-30 (2026).

Text

The total amount of the Credit allowed during all tax years may not exceed the aggregate amount of costs incurred by the Taxpayer during all prior tax years for the following items, to the extent provided in the Agreement:

(1)capital investment, including, but not limited to, equipment, buildings, or land;

(2)infrastructure development;

(3)debt service, except refinancing of current debt;

(4)research and development;

(5)job training and education;

(6)lease costs; or (7) relocation costs.

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The total amount of the Credit allowed during all tax years may not exceed the aggregate amount of costs incurred by the Taxpayer during all prior tax years for the following items, to the extent provided in the Agreement: (1) capital investment, including, but not limited to, equipment, buildings, or land; (2) infrastructure development; (3) debt service, except refinancing of current debt; (4) research and development; (5) job training and education; (6) lease costs; or (7) relocation costs.