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Illinois
Tax Credit
Opening Soon
Advancing Innovative Manufacturing (AIM) Tax Credit Program
Illinois Department of Commerce and Economic Opportunity (DCEO)
Funding Amount
3% credit on qualified investment of $10M–$50M; 5% on $50M–$100M; 7% on investment exceeding $100M. Application listed as "Coming soon" as of this access date — not yet open.
Tax credit, established under Public Act 104-0006 (35 ILCS 65)
Eligibility
Minimum qualified investment of $10 million within a five-year window. Targets manufacturing of critically needed goods: semiconductors, critical materials and minerals, energy materials, automotive, aerospace, life sciences materials, machinery, fabricated metals, chemicals, robotics, and advanced materials. Effective for tax years beginning on or after January 1, 2026.
Source & Verification
Source 1: https://dceo.illinois.gov/businesshelp/aim.html (accessed 2026-08-01)
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