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35 ILCS 10/5-20

    (35 ILCS 10/5-20)
    Sec. 5-20. Application for a project to create and retain new jobs.
    (a) Any Taxpayer proposing a project located or planned to be located in Illinois may request consideration for designation of its project, by formal written letter of request or by formal application to the Department, in which the Applicant states its intent to make at least a specified level of investment and intends to hire or retain a specified number of full-time employees at a designated location in Illinois. As circumstances require, the Department may require a formal application from an Applicant and a formal letter of request for assistance.
    (b) In order to qualify for Credits under this Act, an Applicant's project must:
        (1) if the Applicant has more than 100 employees,
    
involve an investment of at least $2,500,000 in capital improvements to be placed in service within the State as a direct result of the project; if the Applicant has 100 or fewer employees, then there is no capital investment requirement;
        (1.5) if the Applicant has more than 100 employees,
    
employ a number of new employees in the State equal to the lesser of (A) 10% of the number of full-time employees employed by the applicant world-wide on the date the application is filed with the Department or (B) 50 New Employees; and, if the Applicant has 100 or fewer employees, employ a number of new employees in the State equal to the lesser of (A) 5% of the number of full-time employees employed by the applicant world-wide on the date the application is filed with the Department or (B) 50 New Employees;
        (2) (blank);
        (3) (blank); and
        (4) include an annual sexual harassment policy
    
report as provided under Section 5-58.
    (c) After receipt of an application, the Department may enter into an Agreement with the Applicant if the application is accepted in accordance with Section 5-25.
(Source: P.A. 100-511, eff. 9-18-17; 100-698, eff. 1-1-19; 101-81, eff. 7-12-19.)