Illinois General Assembly - Illinois Compiled Statutes

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35 ILCS 10/5-70

(35 ILCS 10/5-70)

Sec. 5-70. Annual report.

On or before July 1 each year, the Department 
shall submit a report on the tax credit program under this
Act to the Governor and the General Assembly. The report shall include
information on the number of
Agreements that were entered into under this Act during the
preceding calendar year, a description of the project that is the
subject of each Agreement, an update on the status of projects under
Agreements entered into before the preceding calendar year, and the
sum of the Credits awarded under this Act. A copy of the report shall
be delivered to the Governor and to each
member of the General Assembly.

The report must include, for each Agreement:
(1) the original estimates of the value of the Credit

and the number of new jobs to be created and, if applicable, the number of retained jobs;

(2) any relevant modifications to existing

Agreements;

(3) a statement of the progress made by each Taxpayer

in meeting the terms of the original Agreement;

(4) a statement of wages paid to New Employees and,

if applicable, retained employees in the State;

(5) any information reported under Section 5-57 of

this Act; and

(6) a copy of the original Agreement or a link to the

Agreement on the Department's website.

(Source: P.A. 102-330, eff. 1-1-22.)