I referenced the Economic Retention Credit and it should have said the Employee Retention Credit (ERC) and it being a Taxable Item in the Business return as a reduction in Expense. But I would also like clarity on this that even the ERC is accounted for in the year the wages are paid and not the year the credit is received. For example Intuit (The Payroll processor for my client) amended the Qtr 2 of 2021 Federal 941 in January 2022 but the actual ERC credit was not received by my client until June 2022 but such credit should be reported on the 2021 Business Return as a reduction in Wages since even though the credit was not received until the following year. 

Can someone confirm that the ERC and IL minimum wage credit are both taxable items and reported in the year the wages were paid?

Hope this clarifies.