Advancing Innovative Manufacturing (AIM) Tax Credit
Illinois capital tax credit effective for tax years beginning on/after 1/1/2026 (P.A. 104-0006). Tiered credit on $10M+ manufacturing capital investments in automotive, aerospace, life sciences, energy, food, advanced materials, robotics, and semiconductors. DCEO-administered.
Check an Address — Free Snapshot
See whether a specific Chicago address sits inside the area that unlocks Advancing Innovative Manufacturing (AIM) Tax Credit, alongside every other incentive that touches that parcel.
Illinois manufacturers investing at least $10M in qualifying capital projects in target industries.
Advancing Innovative Manufacturing (AIM) Tax Credit is administered at the state level. Depending on the program, eligibility may depend on the specific location, property type, or business activity rather than a single drawn boundary.
Boundaries are precise and change over time, so exact eligibility always depends on the specific address. The fastest way to know is to run a free snapshot for the parcel you have in mind.
Typical range · 3% / 5% / 7% capital credit (tiered by investment)
- +3% credit on $10M – $50M capital investments
- +5% credit on $50M – $100M
- +7% credit on $100M+
- +Claimed against income tax over 5 years; carries forward 10 years
- 1Contact Illinois DCEO with project concept
- 2Submit AIM application with capital investment plan
- 3Negotiate agreement; receive certification
- 4File credit on Illinois income tax return
Call DCEO at (217) 782-7500 to scope AIM eligibility
- AIM application
- Capital investment plan and budget
- Industry NAICS code documentation
- Job creation/retention projections
This page is a starting point, not eligibility, legal, or tax advice. Verify current requirements, deadlines, and boundaries with the administering agency before applying or spending money — program rules and funding change over time.
- Building Materials Exemption Certificate (BMEC) — Illinois Department of Revenue
- IDOR Business Incentives Reporting — Illinois Department of Revenue
- Phone
- (217) 782-7500
- Web
- Visit site ↗
Last verified 2026-05-21
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