Illinois § 40-15
Full text of Illinois Illinois Compiled Statutes § 40-15, with citation guidance and answers to common questions.
§ 40-15.
Application for local journalism certificate. (a) In order to qualify for a tax credit award under this Act, an applicant must apply with the Department, in the form and manner required by the Department, for each award cycle for which a credit under this Act is sought, providing information necessary to calculate the tax credit award and any additional information as reasonably required by the Department. A separate application shall be filed for each local news organization. The tax credit award shall be calculated based upon the filing by the applicant on forms prescribed by the Department. The Department shall cooperate with the Department of Revenue as needed in order to determine credit amount and eligibility. (b) Upon satisfactory review of the application, the Department shall issue a local journalism certificate stating the amount of the tax credit award to which the applicant is entitled for the credit period and shall contemporaneously notify the applicant and Department of Revenue upon issuance of the certificate. (Source: P.A. 103-592, eff. 6-7-24.)
Frequently Asked Questions About Illinois § 40-15
What does Illinois Compiled Statutes § 40-15 cover?
Section 40-15 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 40-15?
A common citation format is "Illinois Compiled Statutes § 40-15" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 40-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.