Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

Illinois Compiled Statutes

 ILCS Listing   Public Acts  Search   Guide   Disclaimer

Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

35 ILCS 10/5-25

    (35 ILCS 10/5-25)
    Sec. 5-25. Review of Application.
    (a) (Blank).
    (b) The Department shall determine which projects will benefit the State. In making its recommendation that an Applicant's application for Credit should or should not be accepted, which shall occur within a reasonable time frame as determined by the nature of the application, the Department shall determine that all the following conditions exist:
        (1) The Applicant's project intends, as required by
    
subsection (b) of Section 5-20 to make the required investment in the State and intends to hire the required number of New Employees in Illinois as a result of that project.
        (2) The Applicant's project is economically sound and
    
will benefit the people of the State of Illinois by increasing opportunities for employment and strengthen the economy of Illinois.
        (3) The Applicant has certified that, if not for the
    
Credit, the project would not occur in Illinois.
        (4) A cost differential is identified, using best
    
available data, in the projected costs for the Applicant's project compared to the costs in the competing state, including the impact of the competing state's incentive programs. The competing state's incentive programs shall include state, local, private, and federal funds available. This paragraph (4) applies only to agreements entered into before the effective date of this amendatory Act of the 102nd General Assembly.
        (5) The political subdivisions affected by the
    
project have committed local incentives with respect to the project, considering local ability to assist.
        (6) Awarding the Credit will result in an overall
    
positive fiscal impact to the State, as certified by the Department using the best available data.
        (7) The Credit is not prohibited by Section 5-35 of
    
this Act.
(Source: P.A. 102-330, eff. 1-1-22; 102-1125, eff. 2-3-23.)