Illinois Code § 605-1070
Illinois Code § 605-1070. Reproduced from the official Illinois Compiled Statutes, with a citation summary, verification link, and related provisions.
§ 605-1070.
Rulemaking authority for EDGE Credit; sunset extensions for expiring credits; disaster declaration. The Department shall adopt rules, in consultation with the Department of Revenue, to identify any and all Economic Development for a Growing Economy (EDGE) tax credits that are earned, existing, and unused by a taxpayer in any tax year where there is a statewide COVID-19 public health emergency, as evidenced by an effective disaster declaration of the Governor covering all counties in the State. The rules adopted by the Department shall allow for the extension of credits, for at least 5 years and up to 10 years after the last statewide COVID-19 related disaster declaration has ended, that are earned, existing, or set to expire during a tax year where there is a statewide COVID-19 public health emergency as evidenced by an effective disaster declaration of the Governor covering all counties. In order for a credit to be extended a taxpayer shall provide evidence, in a form prescribed by the Department, that the taxpayer was or will be unable to utilize credits due to the COVID-19 public health emergency. (Source: P.A. 102-16, eff. 6-17-21.)
Source: official Illinois text · Last verified 2026-08-27
At a glance
- Citation: Illinois Compiled Statutes § 605-1070
- Jurisdiction: Illinois
- Code: Illinois Compiled Statutes
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Illinois Compiled Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Illinois attorney.
Common questions
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The text above is transcribed from the Illinois Compiled Statutes, the codified statutes of Illinois. The official publisher link appears under "Verify the text" on this page.
What subject does Illinois Compiled Statutes § 605-1070 address?
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Is Illinois Compiled Statutes § 605-1070 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Illinois source before relying on this text.
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