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(35 ILCS 10/5-70)
On or before July 1 each year, the Committee
shall submit a report to the Department 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
(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
(6) a copy of the original Agreement.
(Source: P.A. 100-511, eff. 9-18-17.)