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Illinois New Markets Development Program
Current Program Participants
Each qualified community development entity shall submit an annual report to the Department within 45 days after the beginning of each calendar year during the compliance period. If you have any questions, please reach out to ceo.newmarkets@illinois.gov.
New Market Tax Credit 2025 Round
The Department of Commerce and Economic Opportunity (DCEO) will be accepting applications for the 2025 Illinois New Markets tax credit program on Wednesday, January 08, 2025 beginning at 9:00 a.m. (Central) and ending at 5:00 p.m. (Central). Applications will only be accepted through the online portal that will be available on this page for one day only. Note: DCEO will not accept emailed copies of the sample pdf.
The 2025 Application is now open. Appy here.