IL SB0135

Extends the carry forward period for unused Economic Development for a Growing Economy (EDGE) tax credits from 5 years to 10 years, including credits that have not yet expired as of the bill's effective date

Allows EDGE tax credit recipients to request a certificate of transferability from the Department of Commerce and Economic Opportunity for any credit amount not previously claimed

Permits the transfer or sale of EDGE tax credits to other Illinois taxpayers, with transferors required to notify the Department of Revenue within 30 days of any transfer or sale

Requires transfer notifications to include specific information such as the transferor's credit balance before and after transfer, credit certificate number, EDGE agreement number, tax identification numbers, transfer date, and amount transferred

Specifies that transferring or selling credits does not extend their expiration period—the carry forward period begins from the original grant date, and the Department of Revenue may disallow or recapture credits if the transferor lacked rights to claim them at the time of transfer