The Illinois Enterprise Zone Program is designed to stimulate economic growth and neighborhood revitalization. This is accomplished through tax incentives, regulatory relief, and improved governmental services. Businesses located or expanding in an Illinois enterprise zone may be eligible for the following tax incentives:
Exemption on retailers’ occupation tax paid on building materials (6.25%)
Expanded state sales tax exemptions on purchases of personal property used or consumed in the manufacturing process or in the operation of a pollution control facility
An exemption on the state utility tax for electricity and natural gas
An exemption on the Illinois Commerce Commission’s administrative charge and telecommunication excise tax
Exemptions are available for companies that make minimum statutory investments that either create or retain a certain number of jobs. These exemptions require a business to make application to, and be certified by, the Illinois Department of Commerce.