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
Compare the geocoded point for a Chicago address with the boundary used to screen Advancing Innovative Manufacturing (AIM) Tax Credit. A match is a location signal; review the current program source for the boundary's role and remaining criteria.
Published criteria — confirm with Illinois DCEO
- Manufacturing in target industry (automotive, aerospace, life sciences, energy, food, advanced materials, robotics, semiconductors)
- $10M+ qualifying capital investment
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 whether a specific address falls inside a mapped zone always depends on that exact address. The fastest way to check is to run a free snapshot for the parcel you have in mind — mapped coverage is a location signal, not an eligibility determination.
Range on file · 3% / 5% / 7% capital credit (tiered by investment)
Current published terms as of 2026-08-09
- +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 2026-08-09
Federal Opportunity Zone incentive: investors who reinvest capital gains through a Qualified Opportunity Fund into a designated zone receive tax reductions scaled to how long the investment is held. Illinois' current zones remain active for investment; a new round of IL-nominated zones takes effect January 1, 2027 under OZ 2.0.
Illinois Enterprise Zones offer state and local tax incentives to stimulate economic growth in economically depressed areas, including sales tax exemptions on building materials, utility tax exemptions, and investment tax credits.
The Economic Development for a Growing Economy (EDGE) program provides Illinois income tax credits against state withholding for businesses that create or retain jobs. Amended by HB2755 / P.A. 104-0006 (June 2025) to expand withholding-credit elections and require 10-day public posting of EDGE agreement terms.
REV Illinois (Reimagining Electric Vehicles in Illinois) provides project-by-project tax credits for businesses in the electric vehicle and renewable energy supply chain. Negotiated with DCEO across four investment/job tiers.