TITLE 14: COMMERCE
SUBTITLE B: CONSUMER PROTECTION
CHAPTER I: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
PART 524 RIVER EDGE REDEVELOPMENT ZONE PROGRAM
SECTION 524.540 ENVIRONMENTAL REMEDIATION TAX CREDIT
Section 524.540 Environmental Remediation Tax Credit
The River Edge Redevelopment Zone Site Environmental Remediation Tax Credit found in the Illinois Income Tax Act [35 ILCS 5/201(n)] allows a taxpayer a credit against the tax imposed by subsections (a) and (b) for certain amounts paid for unreimbursed eligible remediation costs that were paid in performing remediation at a site within a River Edge Redevelopment Zone for which a No Further Remediation Letter was issued and recorded under Section 58.10 of the Environmental Protection Act [415 ILCS 5/58.10].