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IL Spas May Qualify for Tax Credit

Posted: May 6, 2011

On behalf of the Illinois Department of Financial and Professional Regulation, NCEA would like to inform you about the availability of the Small Business Job Creation Tax Credit.

Until June 30th, businesses and nonprofits may be eligible for the $2,500 credit against withholding taxes. Small businesses and nonprofits with 50 or fewer employees may be eligible for the credit for any position they create between July 1, 2010 and June 30, 2011. The position must pay at least $10 per hour, or the equivalent of $18,200 annually.

Any sized business or nonprofit may be eligible for the credit if they hire a former worker-trainee from the recent "Put Illinois to Work" program. More than 26,000 people received valuable on-the-job training through "Put Illinois to Work."

Please visit http://jobstaxcredit.illinois.gov

If you have any questions, please call Brian Selinger at DCEO at 217-557-0513 or email jobstaxcreditprogram@illinois.gov