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Code · Illinois · Chapter 35 — REVENUE · Act 25

Sec. 30. Maximum amount of credits allowed.

89 words·~1 min read·/il/chapter-35/act-25/30

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Sec. 30. Maximum amount of credits allowed. The Department shall limit the monetary amount of credits awarded under this Act to no more than $50,000,000. If applications for a greater amount are received, credits shall be allowed on a first-come-first-served basis, based on the date on which each properly completed application for a certificate of eligibility is received by the Department. If more than one certificate of eligibility is received on the same day, the credits will be awarded based on the time of submission for that particular day.
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