Section 80-IAC Startup Tax Exemption in Illinois

The IMB certificate is the hard part: the Board looks for genuine innovation, scalability and employment potential, and many applications are rejected for vague write-ups. We prepare the application with clear evidence of the problem, the innovation and traction, and respond to any Board queries.

Timing the three years matters. Most startups are loss-making early, so the holiday should cover the first profitable years. We also model minimum alternate tax for companies under the regular regime, and the Section 79 relaxation that lets eligible startups carry forward losses despite shareholding changes, as long as the original shareholders continue to hold their shares.