ADMINISTRATIVE CODE

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  3. TITLE 14: COMMERCE
  4. PART 120 MANUFACTURING ILLINOIS CHIPS FOR REAL OPPORTUNITY (MICRO) ACT
TITLE 14: COMMERCE
SUBTITLE C: ECONOMIC DEVELOPMENT
CHAPTER I: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
PART 120 MANUFACTURING ILLINOIS CHIPS FOR REAL OPPORTUNITY (MICRO) ACT
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SUBPART A: ADMINISTRATIVE REQUIREMENTS

Section 120.10 Purpose
Section 120.20 Definitions

SUBPART B: TAX CREDITS

Section 120.30 Eligibility Determination
Section 120.40 Form of Application
Section 120.50 Application Review
Section 120.60 Application Denial/Approval
Section 120.70 Tax Credit Award
Section 120.80 Determination of Amount and Term of the Credit
Section 120.90 Tax Credit Agreement
Section 120.100 Certification of Verification
Section 120.110 Noncompliance with the Agreement
Section 120.120 Recapture and Reallocation of Recaptured Amounts

SUBPART C: UTILITY TAX EXEMPTION

Section 120.130 Eligibility
Section 120.140 Form of Application
Section 120.150 Application Approval Process
AUTHORITY: Implementing and authorized by the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act [35 ILCS 45/110-15] and Section 605-55 of the Department of Commerce and Economic Opportunity Law [20 ILCS 605].
SOURCE: Adopted at 48 Ill. Reg. 8505, effective May 31, 2024.