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If an investment for which a claimant is allowed a credit under subsection (b) is held by the claimant for less than 3 years, other than as a result of a permitted sale of the investment to person who is not a related member, the claimant shall pay to the Department of Revenue, in the manner prescribed by the Department of Revenue, the aggregate amount of the disqualified credits that the claimant received related to the subject investment. If the Department determines that a qualified new business venture failed to maintain a minimum employment threshold in the State through the date which is 3 years from the issue date of the last tax credit certificate issued by the Department with respect to the subject business pursuant to this Section, except for any 3-year reporting period that includes March 13, 2020 to January 1, 2024, the claimant or claimants shall pay to the Department of Revenue, in the manner prescribed by the Department of Revenue, the aggregate amount of the disqualified credits that claimant or claimants received related to investments in that business. For tax credits under this Section involving a 3-year reporting period that includes March 13, 2020 to January 1, 2024, the repayment of any tax credits issued shall be determined at the discretion of the Department. (e) The Department shall implement a program to register qualified new business ventures for purposes of this Section. A business desiring registration under this Section shall be SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468