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Illinois
Tax Credit
Rolling
Manufacturing Illinois Chips for Real Opportunity (MICRO) Program
Illinois Department of Commerce and Economic Opportunity (DCEO)
Funding Amount
Credits: 75% payroll tax withholding, 10% qualified training, 50% construction job credit, 0.5% on qualified investment — enhanced to 100% if located in an underserved or energy-transition area. Tier II also eligible for up to 30 years utility excise tax exemption and 5 years building material sales tax exemption.
Payroll withholding / income tax credit package
Eligibility
Microchip, semiconductor, and quantum computer manufacturers, manufacturers of their component parts, or companies engaged in related R&D. Tier I: $2.5M investment, 50 new jobs (or 10% of worldwide baseline). Tier II: $1.5B investment + 500 jobs, OR $300M + 150 jobs, OR (facility conversion) $100M + 75 new jobs.
Source & Verification
Source 1: https://dceo.illinois.gov/expandrelocate/incentives/micro.html (accessed 2026-08-01)
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