Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Corporate income tax credits for Illinois businesses retaining employees or creating new jobs, calculated as a percentage of income taxes attributable to qualifying Illinois employees.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must create 25 new full-time jobs in IL (10 in underserved areas) or retain 90+ jobs at risk
2.Jobs must pay at least 120% of regional average wage with benefits
3.Credit: up to 100% of income taxes withheld from new/retained employees
4.Agreement period: 5–10 years
5.Must demonstrate project is at risk of locating out of state without incentive
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.