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Enterprise Zone/High Impact Business

Benefits Available to ALL Within the EZ

  • Investment Tax Credit provides a 0.5% credit against the state income tax for investments in qualified property
  • Building Materials Sales Tax Exemption provides a 6.25% exemption for qualified sale of building materials including those for remodeling, rehabilitation or new construction.

Performance Based Benefits Based on Job Creation & Employment

  • Manufacturing Machinery & Equipment Sales Tax Exemption (5 year certificate, renewable)
  • 6.25% exemption against purchases of CONSUMABLE items used in the manufacturing process (i.e. abrasives, lubricants, fuel, etc.).

Eligible companies must:

  • Invest at least $5 million in an Illinois Enterprise Zone, and create at least 200 full-time equivalent jobs in Illinois, of which a majority must be created in an Illinois Enterprise Zone, or
  • Invest at least $40 million in an Illinois Enterprise Zone, and retain at least 2,000 full-time jobs in Illinois, of which a majority must be retained in an Illinois Enterprise Zone or
  • Investment at least $40 million in an Illinois Enterprise Zone, and retain 90 percent of the jobs in Illinois, of which a majority must be created in an Illinois Enterprise Zone on date of certification.

Utility Tax Exemption (5 year certificate, renewable)

  • 5.1% exemption against electrical, natural gas and telecommunications taxes.

Eligible companies must:

  • Invest at least $5 million in an Illinois Enterprise Zone and create at least 200 full-time equivalent jobs in Illinois, of which a majority must be created in an Illinois Enterprise Zone, or
  • Invest at least $175 million in an Illinois Enterprise Zone and create at least 150 full-time equivalent jobs in Illinois, of which a majority must be created in an Illinois Enterprise Zone or
  • Invest at least $20 million in an Illinois Enterprise Zone and commit to retain at least 1,000 full-time jobs in Illinois, of which a majority must be retained in an Illinois Enterprise Zone on the date of certification.