Businesses located or expanding in an Illinois enterprise zone may be eligible for the following state and local tax incentives: Exemptions are available for companies that make minimum statutory investments that either create or retain a certain number of jobs. The original Illinois Enterprise Zone Act was signed into law in 1982, thereby creating the Enterprise Zone Program. Instead, the tax exemption is calculated as if you had purchased a conventional energy system of equivalent capacity. View using these links: COVID-19 has had an obvious impact on all of our lives and business operations, including work at the Department of Commerce and Economic Opportunity as well. After Premises Authentication is complete and the user has requested and downloaded the Muni Tax Exemptions worksheet, they will need A property tax exemption makes it more economically feasible for a taxpayer to install a solar system on a residential or commercial property. CEO.IlCorpAcct@Illinois.gov. View up to date information on Illinois’ Covid-19 vaccine plan and vaccination eligibility from the Specifically, the April 15th deadline has been extended to and including Friday, May 15th. A business in an enterprise zone is eligible to receive an exemption of utility taxes if they: Create 200 full-time-equivalent jobs and invest at least $5 million in qualified property; or Case No. The most obvious exemption for Illinois manufacturers is the resale exemption. The Governor's Budget address will be given at 12pm today. Proof of residence: copy of utility bill or property tax bill in the applicant’s name I, the undersigned, do hereby certify that I am the owner of the dwelling unit listed on this application; the dwelling unit The Act was revised in 2013, with much input by IEZA. Illinois has several exemptions that reduce your property tax by reducing the assessed value of your home. For Amusement Tax exemption requests in accordance with 4-156-020B(5)(a)through (f), the applicant must demonstrate that the proceeds intended to inure exclusively to the benefit of the exempt entity or entities are reasonably anticipated to equal at least 10 percent of the gross revenues from the amusement. Utility Tax Exemption A state utility tax exemption on gas, electricity, and the Illinois Commerce Commission's administrative charge is available to businesses located in enterprise zones. This page discusses various sales tax exemptions in Illinois. Please turn on JavaScript and try again. Illinois allows the use of uniform sales tax exemption certificates, which are general exemption certificates that can be used across multiple states. 2. In Illinois, certain items may be exempt from the sales tax to all consumers, not just tax-exempt purchasers.. To receive a Certificate of Eligibility for Sales Tax Exemption, you must contact the local zone administrator of the zone into which purchased building materials will be incorporated. Recognizing this impact, DCEO will be extending the deadlines for companies required to submit Corporate Accountability reports. In addition to state incentives, each zone offers local incentives to enhance business development projects. The Illinois Department of Revenue has issued guidance to a taxpayer regarding exemptions for nonprofit organizations. Utility tax exemption - A 5% tax exemption on gas and electricity for businesses that create 200 full-time jobs or retain 1,000 full-time jobs would be given. The Illinois Enterprise Zone Program is designed to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state through state and local tax incentives, regulatory relief and improved governmental services. Illinois Electricity Rates. Sales Tax Exemptions in Illinois . Illinois does not offer sales tax exemptions. You must occupy the residential unit as your principal place of residence. A business must be located in the designated territory in the Illinois counties of Bureau, Grundy, Kane, Kendall, Lake, LaSalle, Marshall, McHenry and Putnam. In Illinois your solar equipment will be valued at no more than the cost of a conventional HVAC system. For purposes of this incentive, eligible investment may be either: 1) investments in qualified property as defined in the Enterprise Zone Investment Tax Credit (described on Page 2 of this publication); or, 2) non-capital and non-routine investments and associated service costs made for the basic construction, renovation or improvement of qualified property including productive capacity, efficiency, product quality or competitive position. The state of Iowa offers a processing exemption to residential … If you install your photovoltaic system in 2020, the federal tax credit is 26% of the cost of your solar panel system. A tax on the privilege of using a parking space in a parking area or garage for the use of parking one or more motor vehicles, recreational vehicles, or other self-propelled vehicles in Illinois. Utility sales tax on items such as telephone, gas, electric, or water that is used to further the tax exempt purpose for a nonprofit organization or government agency may be exempt from utility sales tax. Municipal Utility Tax Municipalities who are interested in implementing a municipal utility tax can utilize this program to verify all premises within the municipality's jurisdiction and receive an estimate of tax revenue based on the premises authenticated. The tax charged on an Illinois bill is a state utility tax rather than a sales tax. 3-04-0480 of the Illinois Appellate Court dealt with this particular issue. Qualified Solid Waste Energy Facility Payments A utility tax is levied on utility companies for receipts of furnishing service to their customers. Since a fee is charged on the basis of use, it is not a tax and therefore tax exempt land owners are still held responsible. Enterprise Zone Boundary Expansion Applications: Enterprise Zone Application to Add Unit Of Government: Enterprise Zone Application to Expand, Limit Or Repeal, Incentives: For more information on Illinois Enterprise Zones contact: It looks like your browser does not have JavaScript enabled. Contact the Illinois Department of Revenue for more information. What is the Utility Tax Exemption? A city or county submits an ordinance to the department requesting to reimpose the sales tax on the sale of domestic utilities and the department notifies the businesses in the affected areas. A business must submit an application to DCCA documenting the eligible investment and that the job creation or job retention criteria has been met. Each zone has a designated local zone administrator responsible for compliance and is available to answer questions. If you have any questions, please direct them to The state of Illinois does not offer a sales tax exemption to Illinois utility customers. 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. 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