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Tax CreditIllinoisActiveVerified

Illinois EDGE Tax Credit

Illinois Department of Commerce and Economic Opportunity (DCEO)IL-EDGE
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Illinois

About This Program

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.

Key Requirements & Eligibility

  • 1Must create 25 new full-time jobs in IL (10 in underserved areas) or retain 90+ jobs at risk
  • 2Jobs must pay at least 120% of regional average wage with benefits
  • 3Credit: up to 100% of income taxes withheld from new/retained employees
  • 4Agreement period: 5โ€“10 years
  • 5Must demonstrate project is at risk of locating out of state without incentive

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingTechnologyFinancial ServicesLogistics
Official Source