Businesses
Government-funded
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
Annually negotiated income tax credits for Illinois businesses creating or retaining jobs. Credit equals 100% of state income taxes paid by qualifying new employees, reducing the net cost of expanding in Illinois. Available to businesses creating 25+ jobs or retaining 90%+ of workforce.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum 25 new full-time jobs OR retention of at least 90% of existing Illinois workforce
2.Wages must equal or exceed the greater of $33,675 or 120% of poverty level
3.Capital investment commitment required for larger projects
4.Annual credit certificate based on actual jobs and wages each year
5.Apply to DCEO before project commencement; credit term up to 10 years
CAEATFA · California
Full state and local sales and use tax exemption (7.25–10%) on equipment purchases for California manufacturers of solar, wind, batteries, EVs, fuel cells, and green building materials. Reduces equipment procurement costs with board pre-approval.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.
GOED · Nevada
Sales tax abatements (up to 2%), property tax abatements, and Modified Business Tax credits for clean energy manufacturers locating or expanding in Nevada. Targets solar, wind, battery storage, and EV-related product manufacturers creating 10+ jobs.